William Penn Bancorporation (WMPN) 10-Q 4 Nov 21 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2021	Nov. 04, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-40255
Entity Registrant Name	WILLIAM PENN BANCORPORATION
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	85-3898797
Entity Address, Address Line One	10 Canal Street
Entity Address, Address Line Two	Suite 104
Entity Address, City or Town	Bristol
Entity Address State Or Province	PA
Entity Address, Postal Zip Code	19007
City Area Code	267
Local Phone Number	540-8500
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	WMPN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,170,566
Entity Central Index Key	0001828376
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
ASSETS
Cash and due from banks	$ 8,368	$ 11,102
Interest bearing deposits with other banks	119,580	157,620
Total cash and cash equivalents	127,948	168,722
Interest-bearing time deposits	1,350	1,850
Securities available for sale	127,007	123,335
Securities held to maturity, fair value of $37,669 and $0, as of September 30, 2021 and June 30, 2021, respectively	38,127
Equity securities	2,635
Loans receivable, net of allowance for loan losses of $3,591 and $3,613 as of September 30, 2021 and June 30, 2021, respectively	454,157	461,196
Premises and equipment, net	13,464	13,439
Regulatory stock, at cost	2,597	2,954
Deferred income taxes	3,716	3,574
Bank-owned life insurance	37,469	35,231
Goodwill	4,858	4,858
Intangible assets	880	937
Accrued interest receivable and other assets	8,733	6,312
TOTAL ASSETS	822,941	822,408
LIABILITIES
Deposits	561,204	553,103
Advances from Federal Home Loan Bank	34,000	41,000
Advances from borrowers for taxes and insurance	2,064	3,731
Accrued interest payable and other liabilities	12,628	7,648
TOTAL LIABILITIES	609,896	605,482
Commitments and contingencies (note 11)
STOCKHOLDERS' EQUITY
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued
Common Stock, $0.01 par value, 150,000,000 shares authorized; 15,170,566 shares issued and outstanding at both September 30, 2021 and June 30, 2021	152	152
Additional paid-in capital	168,354	168,349
Unearned common stock held by employee stock ownership plan	(9,901)	(10,004)
Retained earnings	55,102	58,493
Accumulated other comprehensive loss	(662)	(64)
TOTAL WILLIAM PENN BANCORPORATION STOCKHOLDERS' EQUITY	213,045	216,926
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 822,941	$ 822,408

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
Fair value	$ 37,669	$ 0
Allowance for loan losses	$ 3,591	$ 3,613
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, issued (in shares)	15,170,566	15,170,566
Common stock, outstanding (in shares)	15,170,566	15,170,566

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
INTEREST INCOME
Loans receivable, including fees	$ 5,214	$ 5,893
Securities	664	653
Other	106	111
Total interest income	5,984	6,657
INTEREST EXPENSE
Deposits	484	1,081
Borrowings	238	359
Total interest expense	722	1,440
Net interest income	5,262	5,217
(Recovery) provision for loan losses	(30)	66
NET INTEREST INCOME AFTER (RECOVERY) PROVISION FOR LOAN LOSSES	5,292	5,151
OTHER INCOME
Service fees	213	183
Net gain on sale of securities	62
Earnings on bank-owned life insurance	238	112
Unrealized gain on equity securities	105
Net gain on disposition of premises and equipment		15
Other	87	90
Total other income	705	400
OTHER EXPENSES
Salaries and employee benefits	2,712	2,554
Occupancy and equipment	675	759
Data processing	421	422
Professional fees	248	188
Amortization of intangible assets	57	64
Prepayment penalties	64	161
Other	690	587
Total other expense	4,867	4,735
Income before income taxes	1,130	816
Income tax (benefit) expense	(30)	146
NET INCOME	$ 1,160	$ 670
Basic earnings per share	$ 0.08	$ 0.05
Diluted earnings per share	$ 0.08	$ 0.05

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 1,160	$ 670
Other comprehensive (loss) income:
Changes in net unrealized gain (loss) on securities available for sale	(710)	460
Tax effect	160	(103)
Reclassification adjustment for gain recognized in net income	(62)
Tax effect	14
Other comprehensive (loss) income, net of tax	(598)	357
Comprehensive income	$ 562	$ 1,027

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in capital	Treasury Stock	Unearned Common Stock held by ESOP	Retained Earnings	Accumulated Other Comprehensive Income	Total
Beginning balance at Jun. 30, 2020	$ 467	$ 42,932	$ (3,710)		$ 56,600	$ 76	$ 96,365
Beginning balance (in shares) at Jun. 30, 2020	14,628,530
Increase (Decrease) in Stockholders' Equity
Net income					670		670
Other comprehensive income (loss)						357	357
Regular cash dividend paid					(1,886)		(1,886)
Ending balance at Sep. 30, 2020	$ 467	42,932	$ (3,710)		55,384	433	95,506
Ending balance (in shares) at Sep. 30, 2020	14,628,530
Beginning balance at Jun. 30, 2021	$ 152	168,349		$ (10,004)	58,493	(64)	$ 216,926
Beginning balance (in shares) at Jun. 30, 2021	15,170,566						15,170,566
Increase (Decrease) in Stockholders' Equity
Net income					1,160		$ 1,160
Other comprehensive income (loss)						(598)	(598)
ESOP shares committed to be released		5		103			108
Special cash dividend paid					(4,551)		(4,551)
Ending balance at Sep. 30, 2021	$ 152	$ 168,354		$ (9,901)	$ 55,102	$ (662)	$ 213,045
Ending balance (in shares) at Sep. 30, 2021	15,170,566						15,170,566

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Dividends paid (in dollars per share)		$ 0.13
Special dividends paid (in dollars per share)	$ 0.30

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities
Net income	$ 1,160	$ 670
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
(Recovery) provision for loan losses	(30)	66
Depreciation expense	231	309
Other accretion, net	(258)	(966)
Net gain on disposition of premises and equipment		(15)
Amortization of core deposit intangibles	57	64
Amortization of ESOP	108
Net gain on sale of securities	(62)
Unrealized gain on equity securities	(105)
Earnings on bank-owned life insurance	(238)	(112)
Other, net	214	(955)
Net cash provided by (used in) operating activities	1,077	(939)
Securities available for sale:
Purchases	(10,100)	(42,523)
Maturities, calls and principal paydowns	2,896	9,099
Proceeds from sale of securities	5,008
Securities held to maturity:
Purchases	(38,252)
Maturities, calls and principal paydowns	122
Equity securities:
Purchases	(2,500)
Net decrease in loans receivable	7,369	11,272
Interest bearing time deposits:
Maturities and principal paydowns	500
Purchase of bank-owned life insurance	(2,000)
Regulatory stock purchases	(1)
Regulatory stock redemptions	358	981
Purchases of premises and equipment, net	(256)	(302)
Proceeds from the sale of premises and equipment		425
Net cash used in investing activities	(36,856)	(21,048)
Cash flows from financing activities
Net increase in deposits	8,223	21,863
Repayment of borrowed funds	(7,000)	(23,197)
Decrease in advances from borrowers for taxes and insurance	(1,667)	(1,626)
Cash dividends	(4,551)	(1,886)
Net cash used in financing activities	(4,995)	(4,846)
Net decrease in cash and cash equivalents	(40,774)	(26,833)
Cash and cash equivalents - beginning	168,722	82,915
Cash and cash equivalents - ending	127,948	56,082
Supplementary cash flows information
Interest paid	860	1,513
Income tax (refunds) payments	(575)	25
Operating lease right-of-use asset recorded	2,804
Operating lease liabilities recorded	2,804
Unsettled purchases of securities available for sale	$ 2,344
Premises transferred to held for sale		$ 2,392

Nature of Operations

Nature of Operations	3 Months Ended
	Sep. 30, 2021
Nature of Operations
Nature of Operations	Note 1 - Nature of Operations William Penn Bancorporation (“the Company”) is a Maryland corporation that was incorporated in July 2020 to be the successor to William Penn Bancorp, Inc. (“William Penn Bancorp”) upon completion of the second-step conversion of William Penn Bank (the “Bank”) from the two-tier mutual holding company structure to the stock holding company structure. William Penn, MHC was the former mutual holding company for William Penn Bancorp prior to completion of the second-step conversion. In conjunction with the second-step conversion, each of William Penn, MHC and William Penn Bancorp ceased to exist. The second-step conversion was completed on March 24, 2021, at which time the Company sold, for gross proceeds of $126.4 million, a total of 12,640,035 shares of common stock at $10.00 per share. As part of the second-step conversion, each of the existing 776,647 outstanding shares of William Penn Bancorp common stock owned by persons other than William Penn, MHC was converted into 3.2585 shares of Company common stock. In addition, $5.4 million of cash held by William Penn, MHC was transferred to the Company and recorded as an increase to additional paid-in capital following the completion of the second-step conversion. As a result of the second-step conversion, all share information has been subsequently revised to reflect the 3.2585 exchange ratio, unless otherwise noted. In connection with the second-step conversion offering, the William Penn Bank Employee Stock Ownership Plan (“ESOP”) trustees subscribed for, and intended to purchase, on behalf of the ESOP, 8% of the shares of the Company common stock sold in the offering and to fund its stock purchase through a loan from the Company equal to 100% of the aggregate purchase price of the common stock. As previously disclosed, as a result of the second-step conversion offering being oversubscribed in the first tier of subscription priorities, the ESOP trustees were unable to purchase shares of the Company’s common stock in the second-step conversion offering. Subsequent to the completion of the second-step conversion on March 24, 2021, the ESOP trustees purchased 881,130 shares, or $10.1 million, of the Company’s common stock in the open market. Such shares represent 6.97% of the shares of the Company common stock sold in the offering. The ESOP did not purchase any additional shares of Company common stock in connection with the second-step conversion and offering. The Company owns 100% of the outstanding common stock of the Bank, a Pennsylvania chartered stock savings bank. The Bank offers consumer and commercial banking services to individuals, businesses, and nonprofit organizations throughout the Delaware Valley area through twelve full-service branch offices in Bucks County and Philadelphia, Pennsylvania, and Burlington and Camden Counties in New Jersey. The Company is subject to regulation and supervision by the Board of Governors of the Federal Reserve System. The Bank is supervised and regulated by the Federal Deposit Insurance Corporation (“FDIC”) and the Pennsylvania Department of Banking and Securities.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2021
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The consolidated financial statements include the accounts of the Company, and its wholly owned subsidiary, the Bank, as well as the Bank’s wholly owned subsidiary, WPSLA Investment Corporation (“WPSLA”). WPSLA is a Delaware corporation organized in April 2000 to hold certain investment securities for the Bank. At September 30, 2021, WPSLA held $154.9 million of the Bank’s $167.8 million investment securities portfolio. All significant intercompany accounts and transactions have been eliminated. Management makes significant operating decisions based upon the analysis of the entire Company and financial performance is evaluated on a company-wide basis. Use of Estimates in the Preparation of Financial Statements These consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and in accordance with the rules of the U.S. Securities and Exchange Commission for Quarterly Reports on Form 10-Q. The preparation of the consolidated financial statements in conformity with GAAP 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 income and expenses during the reporting period. The significant estimates include the allowance for loan losses, goodwill, intangible assets, income taxes, postretirement benefits, and the fair value of investment securities. Actual results could differ from those estimates and assumptions. The interim unaudited consolidated financial statements reflect all normal and recurring adjustments, which are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. The results of operations for the three months ended September 30, 2021 are not necessarily indicative of the results of operations that may be expected for the entire fiscal year or any other period. Certain reclassifications have been made in the consolidated financial statements to conform with current year classifications. Presentation of Cash Flows For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, and interest-bearing demand deposits. Revenue Recognition Management determined that the primary sources of revenue emanating from interest and dividend income on loans and investments, along with noninterest revenue resulting from investment security and loan gains (losses) and earnings on bank owned life insurances, are not within the scope of ASC 606. The main types of noninterest income within the scope of ASC 606 include service charges on deposit accounts. The Company has contracts with its deposit customers where fees are charged if certain parameters are not met. These agreements can be cancelled at any time by either the Company or the deposit customer. Revenue from these transactions is recognized on a monthly basis as the Company has an unconditional right to the fee consideration. The Company also has transaction fees related to specific transactions or activities resulting from a customer request or activity that include overdraft fees, online banking fees, interchange fees, ATM fees and other transaction fees. These fees are attributable to specific performance obligations of the Company where the revenue is recognized at a defined point in time upon the completion of the requested service/transaction. Segment Reporting The Company acts as an independent community financial services provider and offers traditional banking and related financial services to individual, business, and government customers. Through its branch network, the Bank offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial and mortgage loans; and the providing of other financial services. Management does not separately allocate expenses, including the cost of funding loan demand, between the commercial and retail operations of the Bank. As such, discrete financial information is not available and segment reporting would not be meaningful. Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In January 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, March 2020 ​ In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs,

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 30, 2021
Earnings Per Share
Earnings Per Share	Note 3 - Earnings Per Share The following table presents a calculation of basic and diluted earnings per share for the three months ended September 30, 2021 and 2020. Earnings per share is computed by dividing net income available to common Stockholders by the weighted average number of shares of common stock outstanding. There are no convertible securities which would affect the numerator in calculating basic and diluted earnings per share; therefore, the net income of $1.2 million and $670 thousand for the three months ended September 30, 2021 and, 2020, respectively, was used as the numerator. The following table sets forth the composition of the weighted average common shares (denominator) used in the basic and diluted earnings per share computation. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ ​ September 30, ​ (Dollars in thousands, except share and per share amounts) ​ 2021 ​ 2020 ​ Weighted-average common shares and common stock equivalents used to calculate basic and diluted earnings per share ​ ​ 14,301,956 ​ ​ 14,628,530 ​ Net income ​ $ 1,160 ​ $ 670 ​ Basic and diluted earnings per share ​ $ 0.08 ​ $ 0.05 ​ ​

Changes in and Reclassification

Changes in and Reclassifications Out of Accumulated Other Comprehensive (Loss) Income	3 Months Ended
	Sep. 30, 2021
Changes in and Reclassifications Out of Accumulated Other Comprehensive (Loss) Income
Changes in and Reclassifications Out of Accumulated Other Comprehensive (Loss) Income	Note 4 – Changes in and Reclassifications Out of Accumulated Other Comprehensive (Loss) Income The following tables present the changes in the balances of each component of accumulated other comprehensive (loss) income (“AOCI”) for the three months ended September 30, 2021 and 2020. All amounts are presented net of tax. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ Gains on Securities ​ ​ Available for Sale Accumulated Other Comprehensive (Loss) Income (1) ​ 2021 ​ 2020 Balance at June 30, ​ $ (64) ​ $ 76 Other comprehensive (loss) income before reclassifications ​ (550) ​ 357 Amounts reclassified from accumulated other comprehensive (loss) income ​ (48) ​ — Period change ​ (598) ​ 357 Balance at September 30, ​ $ (662) ​ $ 433 ​ (1) All amounts are net of tax. Related income tax expense is calculated using an income tax rate approximating 22.5%. ​ ​ ​ The following table presents reclassifications out of AOCI by component for the three months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Amounts Reclassified from Accumulated ​ ​ ​ ​ Other Comprehensive (Loss) Income (1) ​ ​ Details about Accumulated Other Comprehensive ​ Three Months Ended ​ Three Months Ended ​ Affected Line Item in the (Loss) Income Components September 30, 2021 ​ September 30, 2020 Consolidated Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ ​ Net securities gains reclassified into net income ​ $ 62 ​ $ — ​ Net gain on sale of securities Related income tax expense ​ ​ (14) ​ ​ — Income tax (benefit) expense ​ ​ $ 48 ​ $ — ​ ​ (1) Amounts in parenthesis indicate debits.

Investment Securities

Investment Securities	3 Months Ended
	Sep. 30, 2021
Investment Securities
Investment Securities	Note 5 – Investment Securities Debt Securities The amortized cost, gross unrealized gains and losses, and estimated fair value of investments in debt securities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value Available For Sale: ​ Mortgage-backed securities ​ $ 51,172 ​ $ — ​ $ (723) ​ $ 50,449 U.S. agency collateralized mortgage obligations ​ ​ 14,876 ​ ​ 44 ​ ​ (295) ​ ​ 14,625 U.S. government agency securities ​ ​ 6,293 ​ ​ — ​ ​ (60) ​ ​ 6,233 Municipal bonds ​ ​ 20,219 ​ ​ 7 ​ ​ (662) ​ ​ 19,564 Corporate bonds ​ ​ 35,300 ​ ​ 861 ​ ​ (25) ​ ​ 36,136 Total Available For Sale ​ $ 127,860 ​ $ 912 ​ $ (1,765) ​ $ 127,007 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held To Maturity: ​ Mortgage-backed securities ​ $ 38,127 ​ $ — ​ $ (458) ​ $ 37,669 Total Held To Maturity ​ $ 38,127 ​ $ — ​ $ (458) ​ $ 37,669 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Gross Gross ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) Cost Gains Losses Value Available For Sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ 55,385 ​ $ 53 ​ $ (374) ​ $ 55,064 U.S. agency collateralized mortgage obligations ​ 15,641 ​ 47 ​ (255) ​ 15,433 U.S. government agency securities ​ 6,952 ​ — ​ (56) ​ 6,896 Municipal bonds ​ 20,239 ​ 11 ​ (389) ​ 19,861 Corporate bonds ​ 25,200 ​ 881 ​ — ​ 26,081 Total Available For Sale ​ $ 123,417 ​ $ 992 ​ $ (1,074) ​ $ 123,335 ​ The Company recognized $62 thousand of gross gains on the sale of $5.0 million of investment securities during the three months ended September 30, 2021. The Company did not sell any investment securities during the three months ended September 30, 2020. The amortized cost and fair value of debt securities, by contractual maturity, are shown below. Maturities for mortgage-backed securities are dependent upon the rate environment and prepayments of the underlying loans. Expected maturities may differ from contractual maturities because the securities be called or prepaid with or without penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ September 30, 2021 ​ ​ Available For Sale ​ Held To Maturity ​ Amortized ​ Fair Amortized ​ Fair (Dollars in thousands) ​ Cost ​ Value ​ Cost ​ Value Due in one year or less ​ $ — ​ $ — ​ $ — ​ $ — Due after one year through five years ​ 73 ​ 72 ​ — ​ — Due after five years through ten years ​ 37,765 ​ 38,589 ​ — ​ — Due after ten years ​ ​ 90,022 ​ ​ 88,346 ​ ​ 38,127 ​ ​ 37,669 ​ ​ $ 127,860 ​ $ 127,007 ​ $ 38,127 ​ $ 37,669 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables provide information on the gross unrealized losses and fair market value of the Company's investments with unrealized losses that are not deemed to be other than temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2021 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ Less than 12 Months ​ 12 Months or More ​ Total ​ Total ​ Fair Unrealized ​ Fair Unrealized Fair Unrealized (Dollars in thousands) ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses Available For Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities $ 45,290 $ (643) $ 2,815 $ (80) $ 48,105 $ (723) U.S. agency collateralized mortgage obligations 6,795 (102) 5,529 ​ (193) 12,324 (295) U.S. government agency securities 171 (1) 4,665 (59) 4,836 (60) Municipal bonds 14,993 (530) 4,051 (132) 19,044 (662) Corporate bonds ​ 4,975 ​ (25) ​ — ​ — ​ 4,975 ​ (25) ​ ​ ​ 72,224 ​ ​ (1,301) ​ ​ 17,060 ​ ​ (464) ​ ​ 89,284 ​ ​ (1,765) Held To Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ 37,669 ​ (458) ​ — ​ — ​ ​ 37,669 ​ (458) ​ ​ 37,669 ​ (458) ​ — ​ — ​ 37,669 ​ (458) Total Temporarily Impaired Securities $ 109,893 $ (1,759) $ 17,060 $ (464) $ 126,953 $ (2,223) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Less than 12 Months ​ 12 Months or More ​ Total ​ Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized (Dollars in thousands) ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses Available For Sale: ​ ​ ​ ​ ​ ​ Mortgage-backed securities $ 43,152 $ (374) $ — $ — $ 43,152 $ (374) U.S. agency collateralized mortgage obligations ​ 10,613 ​ (202) ​ 2,407 ​ (53) ​ 13,020 ​ (255) U.S. government agency securities ​ 6,896 ​ (56) ​ — ​ — ​ 6,896 ​ (56) Municipal bonds ​ 17,748 ​ (389) ​ — ​ — ​ 17,748 ​ (389) Total Temporarily Impaired Securities ​ $ 78,409 ​ $ (1,021) ​ $ 2,407 ​ $ (53) ​ $ 80,816 ​ $ (1,074) ​ The Company evaluates its investment securities holdings for other-than-temporary impairment (“OTTI”) on at least a quarterly basis. As part of this process, management considers its intent to sell each debt security and whether it is more likely than not the Company will be required to sell the security before its anticipated recovery. If either of these conditions is met, OTTI is recognized in earnings equal to the entire difference between the security’s amortized cost basis and its fair value at the most recent Statement of Financial Condition date. For securities that meet neither of these conditions, management performs analysis to determine whether any of these securities are at risk for OTTI. To determine which individual securities are at risk for OTTI and should be quantitatively evaluated utilizing a detailed analysis, management uses indicators which consider various characteristics of each security including, but not limited to, the following: the credit rating; the duration and level of the unrealized loss; prepayment assumptions; and certain other collateral-related characteristics such as delinquency rates, the security’s performance, and the severity of expected collateral losses. The unrealized loss on securities greater than 12 months is due to current interest rate levels relative to the Company’s cost. Because the unrealized losses are due to current interest rate levels relative to the Company’s cost and not credit quality, and because the Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell these investments before recovery of its amortized cost, which may be at maturity, the Company does not consider these investments to be other-than temporarily impaired at September 30, 2021 and June 30, 2021. There were 58 investment securities that were temporarily impaired at September 30, 2021 and 42 investment securities that were temporarily impaired at June 30, 2021. Based on its analysis, management has concluded that the investment securities portfolio has experienced unrealized losses and a decrease in fair value due to interest rate volatility. However, the decline is considered temporary, and the Company does not intend to sell these securities nor is it more likely than not the Company would be required to sell the security before its anticipated recovery, which may be maturity. At September 30, 2021 and June 30, 2021, $3.4 million and $3.8 million, respectively, of investment securities were pledged to secure municipal deposits. ​ Equity Securities The Company had one equity security with a fair value of $2.6 million as of September 30, 2021. During the three months ended September 30, 2021, the Company recorded $105 thousand of unrealized gains, which were recorded in Unrealized gain on equity securities

Loans

Loans	3 Months Ended
	Sep. 30, 2021
Loans
Loans	Note 6 – Loans Major classifications of loans at September 30, 2021 and June 30, 2021 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, ​ ​ 2021 ​ 2021 (Dollars in thousands) Amount Percent ​ Amount Percent ​ Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family $ 162,822 35.51 % $ 173,306 37.22 % Home equity and HELOCs ​ 34,546 ​ 7.53 ​ 37,222 ​ 7.99 Construction -residential ​ 10,734 ​ 2.34 ​ 10,841 ​ 2.33 ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ 120,620 ​ 26.31 ​ ​ 120,581 ​ 25.90 ​ Multi-family (five or more) ​ 11,367 ​ 2.48 ​ 12,315 ​ 2.64 ​ Commercial non-residential ​ 104,759 ​ 22.85 ​ 96,612 ​ 20.75 ​ Construction and land ​ ​ 6,474 ​ 1.41 ​ ​ 6,377 ​ 1.37 ​ Commercial ​ 4,515 ​ 0.98 ​ 5,145 ​ 1.10 ​ Consumer Loans ​ 2,675 ​ 0.59 ​ 3,230 ​ 0.70 ​ Total Loans ​ 458,512 ​ 100.00 % 465,629 ​ 100.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unearned loan origination fees ​ (764) ​ ​ (820) ​ ​ ​ Allowance for loan losses ​ (3,591) ​ ​ (3,613) ​ ​ ​ Net Loans ​ $ 454,157 ​ ​ $ 461,196 ​ ​ ​ ​ As of September 30, 2021 and June 30, 2021, the Bank had $843 thousand and $1.5 million of outstanding Paycheck Protection Program (PPP) loans to 24 and 44 new and existing customers, respectively, that are included in commercial loans in the above table and are guaranteed by the Small Business Administration and mature in two years. During the year ended June 30, 2020, the Bank modified approximately $49.8 million of existing loans in accordance with the provisions of the 2020 Coronavirus Aid, Relief, and Economic Security (“CARES”) Act to provide its customers with monetary relief. Generally, these modifications included the deferral of principal and interest payments for a period of three months, although interest income continued to accrue. The three-month deferral period has ended on a portion of the loans on deferral and the Bank received payments of principal and interest on a portion of the loans on deferral and, as of September 30, 2021, $1.8 million of loans remain on deferral under the CARES Act. Mortgage loans serviced for others are not included in the accompanying Consolidated Statements of Financial Condition. The total amount of loans serviced for the benefit of others was approximately $16.4 million and $18.6 million at September 30, 2021 and June 30, 2021, respectively. The Bank retained the related servicing rights for the loans that were sold and receives a 25 basis point servicing fee from the purchasers of the loans. Custodial escrow balances maintained in connection with the foregoing loan servicing are included in advances from borrowers for taxes and insurance. Allowance for Loan Losses. The provision for loan losses was determined by management to be an amount necessary to maintain a balance of allowance for loan losses at a level that considers all known and current losses in the loan portfolio as well as potential losses due to unknown factors such as the economic environment. Changes in the provision were based on management’s analysis of various factors such as: estimated fair value of underlying collateral, recent loss experience in particular segments of the portfolio, levels and trends in delinquent loans, and changes in general economic and business conditions. The Company considers the allowance for loan losses of $3.6 million adequate to cover loan losses inherent in the loan portfolio at both September 30, 2021 and June 30, 2021, respectively. The following table presents by portfolio segment, the changes in the allowance for loan losses for the three months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 Residential real estate: Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ Construction- ​ 1 - 4 family ​ Multi-family ​ Commercial ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollar amounts in thousands) ​ 1 - 4 family and HELOCs residential investor (five or more) non-residential and Land Commercial Consumer Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 709 ​ $ 133 ​ $ 487 ​ $ 843 ​ $ 159 ​ $ 854 ​ $ 362 ​ $ 51 ​ $ 15 ​ $ 3,613 Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Recoveries ​ ​ — ​ ​ 7 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ 8 Provision (recovery) ​ ​ (51) ​ ​ (17) ​ ​ (101) ​ ​ 33 ​ ​ (11) ​ ​ 114 ​ ​ 6 ​ ​ (2) ​ ​ (1) ​ ​ (30) Ending Balance ​ $ 658 ​ $ 123 ​ $ 386 ​ $ 876 ​ $ 148 ​ $ 968 ​ $ 368 ​ $ 49 ​ $ 15 ​ $ 3,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 Residential real estate: Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ Construction- ​ 1 - 4 family ​ Multi-family ​ Commercial ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollar amounts in thousands) ​ 1-4 family and HELOCs ​ residential ​ investor (five or more) non-residential and Land Commercial Consumer Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 682 ​ $ 166 ​ $ 526 ​ $ 801 ​ $ 123 ​ $ 727 ​ $ 396 ​ $ 83 ​ $ 15 ​ $ 3,519 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Provision (recovery) ​ 49 ​ (16) ​ (65) ​ 58 ​ (2) ​ 53 ​ 40 ​ (51) ​ — ​ 66 Ending Balance ​ $ 731 ​ $ 150 ​ $ 461 ​ $ 859 ​ $ 121 ​ $ 780 ​ $ 436 ​ $ 32 ​ $ 15 ​ $ 3,585 ​ The following tables present the allowance for loan losses and recorded investment by loan portfolio classification as September 30, 2021 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 Residential real estate: Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ Construction- ​ 1 - 4 family ​ Multi-family ​ Commercial ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollar amounts in thousands) 1 - 4 family and HELOCs residential investor (five or more) non-residential and Land Commercial Consumer Total Allowance ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively evaluated for impairment ​ 658 ​ 123 ​ 386 ​ 876 ​ 148 ​ 968 ​ 368 ​ 49 ​ 15 ​ 3,591 Total allowance ​ $ 658 ​ $ 123 ​ $ 386 ​ $ 876 ​ $ 148 ​ $ 968 ​ $ 368 ​ $ 49 ​ $ 15 ​ $ 3,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,743 ​ $ 499 ​ $ — ​ $ 554 ​ $ 503 ​ $ 853 ​ $ — ​ $ — ​ $ — ​ $ 4,152 Collectively evaluated for impairment ​ 83,773 ​ 13,988 ​ 8,487 ​ 99,093 ​ 10,781 ​ 78,746 ​ 6,474 ​ 3,421 ​ 529 ​ 305,292 Acquired non-credit impaired loans (1) ​ 77,167 ​ 20,036 ​ 2,247 ​ 20,973 ​ 83 ​ 25,160 ​ — ​ 1,094 ​ 2,146 ​ 148,906 Acquired credit impaired loans (2) ​ 139 ​ 23 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 162 Total portfolio ​ $ 162,822 ​ $ 34,546 ​ $ 10,734 ​ $ 120,620 ​ $ 11,367 ​ $ 104,759 ​ $ 6,474 ​ $ 4,515 ​ $ 2,675 ​ $ 458,512 (1) Acquired non-credit impaired loans are evaluated collectively, excluding loans that have subsequently moved to non-accrual status which are individually evaluated for impairment. ​ (2) Acquired credit impaired loans are evaluated on an individual basis. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 Residential real estate: Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ Construction- ​ 1 - 4 family ​ Multi-family ​ Commercial ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollar amounts in thousands) 1 - 4 family and HELOCs residential investor (five or more) non-residential and Land Commercial Consumer Total Allowance ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively evaluated for impairment ​ 709 ​ 133 ​ 487 ​ 843 ​ 159 ​ 854 ​ 362 ​ 51 ​ 15 ​ 3,613 Total allowance ​ $ 709 ​ $ 133 ​ $ 487 ​ $ 843 ​ $ 159 ​ $ 854 ​ $ 362 ​ $ 51 ​ $ 15 ​ $ 3,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,907 ​ $ 578 ​ $ — ​ $ 433 ​ $ 176 ​ $ 892 ​ $ — ​ $ — ​ $ — ​ $ 3,986 Collectively evaluated for impairment ​ 87,540 ​ 14,617 ​ 8,582 ​ 98,043 ​ 12,008 ​ 68,530 ​ 6,377 ​ 4,151 ​ 535 ​ 300,383 Acquired non-credit impaired loans (1) ​ 83,721 ​ 22,004 ​ 2,259 ​ 22,105 ​ 131 ​ 27,190 ​ — ​ 994 ​ 2,695 ​ 161,099 Acquired credit impaired loans (2) ​ 138 ​ 23 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 161 Total portfolio ​ $ 173,306 ​ $ 37,222 ​ $ 10,841 ​ $ 120,581 ​ $ 12,315 ​ $ 96,612 ​ $ 6,377 ​ $ 5,145 ​ $ 3,230 ​ $ 465,629 (1) Acquired non-credit impaired loans are evaluated collectively, excluding loans that have subsequently moved to non-accrual status which are individually evaluated for impairment. ​ (2) Acquired credit impaired loans are evaluated on an individual basis. ​ During the three months ended September 30, 2021, the changes in the provision for loan losses for each portfolio of loans were primarily due to fluctuations in the outstanding balance of each portfolio of loans collectively evaluated for impairment. The overall decrease in the allowance and provision credit during the three months ended September 30, 2021 can be primarily attributed to an improving economic outlook combined with continued stable asset quality metrics. During the year ended June 30, 2021, the changes in the provision for loan losses related to one- to four-family residential real estate loans, residential real estate construction loans and commercial real estate land loans were primarily due to concerns with the risk profile of these portfolios in the current economic environment as impacted by the COVID-19 pandemic. The increase in reserves due to the COVID-19 pandemic was limited by the Bank making enhancements to its credit management function by adding new experienced team members and implementing an enhanced internal credit measurement and monitoring processes. Credit Quality Information The following tables represent credit exposures by internally assigned grades as of September 30, 2021 and June 30, 2021. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all. The Company’s internal credit risk grading system is based on experiences with similarly graded loans. The Company’s internally assigned grades are as follows: Pass – loans which are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Special Mention – loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected. Substandard – loans that have a well-defined weakness based on objective evidence and are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful – loans classified as doubtful have all the weaknesses inherent in a substandard asset. In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances. Loss – loans classified as a loss are considered uncollectible, or of such value that continuance as an asset is not warranted. ​ ​ ​ ​ ​ The following tables set forth the amounts of the portfolio of classified asset categories for the commercial loan portfolios at September 30, 2021 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ investor ​ Multi-family ​ Non-residential ​ and land ​ Commercial ​ Total Pass $ 118,090 ​ $ 10,864 $ 103,905 $ 6,474 $ 4,515 $ 243,848 Special Mention ​ ​ 2,054 ​ ​ — ​ ​ 332 ​ ​ — ​ ​ — ​ ​ 2,386 Substandard ​ ​ 476 ​ ​ 503 ​ ​ 522 ​ ​ — ​ ​ — ​ ​ 1,501 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending Balance ​ $ 120,620 ​ $ 11,367 ​ $ 104,759 ​ $ 6,474 ​ $ 4,515 ​ $ 247,735 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ investor ​ Multi-family ​ Non-residential ​ and land ​ Commercial ​ Total Pass $ 118,175 ​ $ 12,139 $ 95,720 $ 6,377 $ 5,145 $ 237,556 Special Mention ​ 2,054 ​ ​ — ​ ​ 356 ​ ​ — ​ ​ — ​ ​ 2,410 Substandard ​ 352 ​ ​ 176 ​ ​ 536 ​ ​ — ​ ​ — ​ ​ 1,064 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending Balance ​ $ 120,581 ​ $ 12,315 ​ $ 96,612 ​ $ 6,377 ​ $ 5,145 ​ $ 241,030 ​ The following tables set forth the amounts of the portfolio that are not rated by class of loans for the residential and consumer loan portfolios at September 30, 2021 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential Real Estate and Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit Risk Internally Assigned ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family HELOCs Construction Consumer Total Performing $ 159,295 $ 34,136 $ 10,734 $ 2,558 $ 206,723 Non-performing ​ ​ 3,527 ​ ​ 410 ​ — ​ 117 ​ 4,054 ​ ​ $ 162,822 ​ $ 34,546 ​ $ 10,734 ​ $ 2,675 ​ $ 210,777 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family HELOCs Construction Consumer Total Performing $ 169,532 $ 36,877 $ 10,841 $ 3,112 $ 220,362 Non-performing ​ 3,774 ​ ​ 345 ​ — ​ 118 ​ 4,237 ​ ​ $ 173,306 ​ $ 37,222 ​ $ 10,841 ​ $ 3,230 ​ $ 224,599 ​ Loans Acquired with Deteriorated Credit Quality The outstanding principal and related carrying amount of loans acquired with deteriorated credit quality, for which the Company applies the provisions of ASC 310-30, as of September 30, 2021 and June 30, 2021, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2021 June 30, 2021 Outstanding principal balance ​ $ 244 ​ $ 247 Carrying amount ​ 162 ​ 161 ​ The following table presents changes in the accretable discount on loans acquired with deteriorated credit quality, for which the Company applies the provisions of ASC 310-30, for the period presented: ​ ​ ​ ​ ​ (Dollars in thousands) Accretable Discount Balance, May 1, 2020 ​ $ 57 Accretion ​ (4) Balance, June 30, 2020 ​ $ 53 Accretion ​ (40) Balance, June 30, 2021 ​ $ 13 Accretion ​ (4) Balance, September 30, 2021 ​ $ 9 ​ Loan Delinquencies and Non-accrual Loans Following are tables which include an aging analysis of the recorded investment of past due loans as of September 30, 2021 and June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aged Analysis of Past Due and Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ 30 - 59 Days ​ 60 - 89 Days ​ 90 Days ​ Total Past ​ Credit ​ ​ ​ ​ Total Loans ​ >90 Days and ​ Loans on (Dollar amounts in thousands) Past Due Past Due Or Greater Due Impaired Current Receivable Accruing Non-Accrual Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family $ 783 $ 293 $ 1,264 $ 2,340 $ 139 $ 160,343 $ 162,822 $ — $ 3,527 Home equity and HELOCs ​ ​ 112 ​ ​ 8 ​ ​ 150 ​ ​ 270 ​ ​ 23 ​ ​ 34,253 ​ ​ 34,546 ​ ​ — ​ ​ 410 Construction - residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10,734 ​ ​ 10,734 ​ ​ — ​ ​ — Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ 252 ​ ​ — ​ ​ 400 ​ ​ 652 ​ ​ — ​ ​ 119,968 ​ ​ 120,620 ​ ​ — ​ ​ 476 Multi-family ​ ​ 331 ​ ​ — ​ ​ 172 ​ ​ 503 ​ ​ — ​ ​ 10,864 ​ ​ 11,367 ​ ​ — ​ ​ 503 Commercial non-residential ​ ​ 569 ​ ​ 15 ​ ​ — ​ ​ 584 ​ ​ — ​ ​ 104,175 ​ ​ 104,759 ​ ​ — ​ ​ 522 Construction and land ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 6,474 ​ ​ 6,474 ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,515 ​ ​ 4,515 ​ ​ — ​ ​ — Consumer ​ ​ 35 ​ ​ 32 ​ ​ — ​ ​ 67 ​ ​ — ​ ​ 2,608 ​ ​ 2,675 ​ ​ — ​ ​ 117 Total ​ $ 2,082 ​ $ 348 ​ $ 1,986 ​ $ 4,416 ​ $ 162 ​ $ 453,934 ​ $ 458,512 ​ $ — ​ $ 5,555 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aged Analysis of Past Due and Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired ​ ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ 30 - 59 Days ​ 60 - 89 Days ​ 90 Days ​ Total Past ​ Credit ​ ​ ​ ​ Total Loans ​ >90 Days and ​ Loans on (Dollar amounts in thousands) Past Due Past Due Or Greater Due Impaired Current Receivable Accruing Non-Accrual Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family $ 1,658 $ 561 $ 989 $ 3,208 $ 138 $ 169,960 $ 173,306 $ — $ 3,774 Home equity and HELOCs ​ 58 ​ ​ 150 ​ ​ 80 ​ ​ 288 ​ ​ 23 ​ ​ 36,911 ​ ​ 37,222 ​ ​ — ​ ​ 345 Construction - residential ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10,841 ​ ​ 10,841 ​ ​ — ​ ​ — Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ 81 ​ ​ — ​ ​ 271 ​ ​ 352 ​ ​ — ​ ​ 120,229 ​ ​ 120,581 ​ ​ — ​ ​ 352 Multi-family ​ — ​ ​ 344 ​ ​ 176 ​ ​ 520 ​ ​ — ​ ​ 11,795 ​ ​ 12,315 ​ ​ — ​ ​ 176 Commercial non-residential ​ 92 ​ ​ 491 ​ ​ — ​ ​ 583 ​ ​ — ​ ​ 96,029 ​ ​ 96,612 ​ ​ — ​ ​ 536 Construction and land ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 6,377 ​ ​ 6,377 ​ ​ — ​ ​ — Commercial ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,145 ​ ​ 5,145 ​ ​ — ​ ​ — Consumer ​ 64 ​ ​ — ​ ​ — ​ ​ 64 ​ ​ — ​ ​ 3,166 ​ ​ 3,230 ​ ​ — ​ ​ 118 Total ​ $ 1,953 ​ $ 1,546 ​ $ 1,516 ​ $ 5,015 ​ $ 161 ​ $ 460,453 ​ $ 465,629 ​ $ — ​ $ 5,301 ​ Interest income on non-accrual loans that would have been recorded if these loans had performed in accordance with their terms was approximately $65 thousand and $58 thousand, respectively, during the three months ended September 30, 2021 and 2020, respectively. Impaired Loans Management considers commercial loans and commercial real estate loans which are 90 days or more past due to be impaired. Larger commercial loans and commercial real estate loans which are 60 days or more past due are selected for impairment testing in accordance with GAAP. Factors considered by management in determining impairment include payment status and collateral value. The amount of impairment for these types of loans is determined by the difference between the present value of the expected cash flows related to the loan, using the original interest rate, and its recorded value, or as a practical expedient in the case of collateralized loans, the difference between the fair value of the collateral and the recorded amount of the loans. These loans are analyzed to determine if it is probable that all amounts will not be collected according to the contractual terms of the loan agreement. If management determines that the value of the impaired loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through an allowance estimate or a charge-off to the allowance for loan losses. The following tables include the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable, at September 30, 2021 and June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (Dollars in thousands) Investment Balance Allowance With no related allowance recorded: ​ ​ ​ 1 - 4 Family residential real estate ​ $ 1,743 ​ $ 1,800 ​ $ — Home equity and HELOCs ​ 499 ​ 499 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 554 ​ ​ 600 ​ ​ — Multi-family ​ ​ 503 ​ ​ 513 ​ ​ — Commercial non-residential ​ 853 ​ 872 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ 1 - 4 Family ​ $ — ​ $ — ​ $ — Home equity and HELOCs ​ — ​ — ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ — ​ ​ — ​ ​ — Multi-family ​ — ​ — ​ — Commercial non-residential ​ — ​ — ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ 1 - 4 Family ​ $ 1,743 ​ $ 1,800 ​ $ — Home equity and HELOCs ​ 499 ​ 499 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 554 ​ ​ 600 ​ ​ — Multi-family ​ 503 ​ 513 ​ — Commercial non-residential ​ 853 ​ 872 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ The impaired loans table above includes accruing troubled debt restructuings (“TDRs”) in the amount of $908 thousand that are performing in accordance with their modified terms. The Company recognized $12 thousand of interest income on accruing TDRs during the three months ended September 30, 2021. The table above does not include $162 thousand of loans acquired with deteriorated credit quality, which have been recorded at their fair value at acquisition. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (Dollars in thousands) Investment Balance Allowance With no related allowance recorded: ​ ​ ​ 1-4 Family residential real estate ​ $ 1,907 ​ $ 1,943 ​ $ — Home equity and HELOCs ​ 578 ​ 587 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 433 ​ ​ 477 ​ ​ — Multi-family ​ 176 ​ ​ 180 ​ ​ — Commercial non-residential ​ 892 ​ 900 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ 1-4 Family residential real estate ​ $ — ​ $ — ​ $ — Home equity and HELOCs ​ — ​ — ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ — ​ ​ — ​ ​ — Multi-family ​ — ​ — ​ — Commercial non-residential ​ — ​ — ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ 1-4 Family residential real estate ​ $ 1,907 ​ $ 1,943 ​ $ — Home equity and HELOCs ​ 578 ​ 587 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 433 ​ ​ 477 ​ ​ — Multi-family ​ 176 ​ 180 ​ — Commercial non-residential ​ 892 ​ 900 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ The impaired loans table above includes accruing TDRs in the amount of $935 thousand that are performing in accordance with their modified terms. The Company recognized $13 thousand of interest income on accruing TDRs during the three months ended September 30, 2020. The table above does not include $161 thousand of loans acquired with deteriorated credit quality, which have been recorded at their fair value at acquisition. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables include the average recorded investment balances for impaired loans and the interest income recognized for the three months ended September 30, 2021 and September 30, 2020. ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Three Months Ended ​ ​ Average ​ Interest ​ ​ Recorded ​ Income (Dollars in thousands) Investment Recognized With no related allowance recorded: ​ ​ 1-4 Family residential real estate ​ $ 1,802 ​ $ — Home equity and HELOCs ​ 558 ​ 5 Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ 461 ​ ​ 1 Multi-family ​ 258 ​ — Commercial non-residential ​ 870 ​ 6 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ 1-4 Family residential real estate ​ $ — ​ $ — Home equity and HELOCs ​ — ​ — Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ ​ ​ ​ ​ Multi-family ​ — ​ — Commercial non-residential ​ — ​ — Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ 1-4 Family residential real estate ​ $ 1,802 ​ $ — Home equity and HELOCs ​ 558 ​ 5 Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ 461 ​ ​ 1 Multi-family ​ 258 ​ — Commercial non-residential ​ 870 ​ 6 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Three Months Ended ​ ​ Average ​ Interest ​ ​ Recorded ​ Income (Dollars in thousands) Investment Recognized With no related allowance recorded: ​ ​ 1-4 Family residential real estate ​ $ 471 ​ $ 6 Home equity and HELOCs ​ 686 ​ 5 Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ 778 ​ ​ 6 Multi-family ​ 185 ​ 2 Commercial non-residential ​ 667 ​ 9 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ 1-4 Family residential real estate ​ $ — ​ $ — Home equity and HELOCs ​ — ​ — Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ ​ ​ ​ ​ Multi-family ​ — ​ — Commercial non-residential ​ — ​ — Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ 1-4 Family residential real estate ​ $ 471 ​ $ 6 Home equity and HELOCs ​ 686 ​ 5 Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ 778 ​ ​ 6 Multi-family ​ 185 ​ 2 Commercial non-residential ​ 667 ​ 9 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ Generally, the Bank will charge-off the collateral or discounted cash flow deficiency on all impaired loans. Interest income that would have been recorded for the three months ended September 30, 2021 an 2020, had impaired loans been current according to their original terms, amounted to $34 thousand and $16 thousand, respectively. Troubled Debt Restructurings The Bank determines whether a restructuring of debt constitutes a TDR in accordance with guidance under FASB ASC Topic 310 Receivables ● A review of the borrower’s current financial condition in which the borrower must demonstrate sufficient cash flow to support the repayment of all principal and interest including any amounts previously charged-off; ● An updated appraisal or home valuation which must demonstrate sufficient collateral value to support the debt; and ● Sustained performance based on the restructured terms for at least six consecutive months. During the three months ended June 30, 2020, the Bank began providing customer relief programs, such as payment deferrals or interest only payments on loans, in accordance with the CARES Act. The Bank does not consider a modification to be a TDR if it occurred as a result of the loan forbearance program under the CARES Act. Currently, the CARES Act provides that a loan term modification does not automatically result in TDR status if the modification is made on a good-faith basis in response to COVID-19 to borrowers who were classified as current and not more than 30 days past due as of December 31, 2019, and executed between March 1, 2020 and the earlier of (a) 60 days after the date of termination of the COVID-19 pandemic national emergency, or (b) January 1, 2022. During the three months ended June 30, 2020, the Bank modified approximately $49.8 million of loans to provide its customers this monetary relief. Generally, these modifications included the deferral of principal and interest payments for a period of three months, although interest income continued to accrue. The three-month deferral period has ended on a portion of the loans on deferral and the Bank received payments of principal and interest on a portion of the loans on deferral and, as of September 30, 2021, $1.8 million of loans remain on deferral under the CARES Act. During the three months ended September 30, 2021 and the year ended June 30, 2021, there were no loans modified that were identified as a TDR. The Company did not experience any re-defaulted TDRs subsequent to the loan being modified during the three months ended September 30, 2021 and the year ended June 30, 2021.

Premises and Equipment

Premises and Equipment	3 Months Ended
	Sep. 30, 2021
Premises and Equipment
Premises and Equipment	Note 7 – Premises and Equipment The components of premises and equipment are as follows as of September 30, 2021 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, (Dollars in thousands) ​ 2021 ​ 2021 Land ​ $ 2,581 ​ $ 2,581 Office buildings and improvements ​ 13,100 ​ 12,932 Furniture, fixtures and equipment ​ 2,516 ​ 2,428 Automobiles ​ 50 ​ 50 ​ ​ 18,247 ​ 17,991 ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ (4,783) ​ (4,552) ​ ​ $ 13,464 ​ $ 13,439 ​ Depreciation expense amounted to $231 thousand and $309 thousand for the three months ended September 30, 2021 and 2020, respectively.

Goodwill and Intangibles

Goodwill and Intangibles	3 Months Ended
	Sep. 30, 2021
Goodwill and Intangibles
Goodwill and Intangibles	Note 8 – Goodwill and Intangibles The goodwill and intangible assets arising from acquisitions is accounted for in accordance with the accounting guidance in FASB ASC Topic 350 for Intangibles — Goodwill and Other The Company performs its annual impairment evaluation on June 30 or more frequently if events and circumstances indicate that the fair value of the banking unit is less than its carrying value. During the year ended June 30, 2021, management included considerations of the current economic environment caused by COVID-19 in its evaluation, and determined that it is not more likely than not that the carrying value of goodwill is impaired. No goodwill impairment existed at June 30, 2021. During the three months ended September 30, 2021, management considered the current economic environment caused by the COVID-19 pandemic in its evaluation, and determined based on the totality of its qualitative assessment that it is not more likely than not that the carrying value of goodwill is impaired. No goodwill impairment existed during the three months ended September 30, 2021. ​ Goodwill and other intangibles are summarized as follows for the periods presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Core Deposit (Dollars in thousands) ​ Goodwill ​ Intangibles Balance, June 30, 2021 ​ $ 4,858 ​ $ 937 Adjustments: ​ ​ Additions ​ — ​ — Amortization ​ — ​ (57) Balance, September 30, 2021 ​ $ 4,858 ​ $ 880 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Core Deposit (Dollars in thousands) ​ Goodwill ​ Intangibles Balance, June 30, 2020 ​ $ 4,858 ​ $ 1,192 Adjustments: ​ ​ Additions ​ — ​ — Amortization ​ — ​ (64) Balance, September 30, 2020 ​ $ 4,858 ​ $ 1,128 ​ Aggregate amortization expense was $57 thousand and $64 thousand for the three months ended September 30, 2021 and 2020, respectively.

Deposits

Deposits	3 Months Ended
	Sep. 30, 2021
Deposits.
Deposits	Note 9 – Deposits Deposits consist of the following major classifications as of September 30, 2021 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ September 30, 2021 ​ June 30, 2021 Non-interest bearing checking $ 54,963 $ 51,086 Interest bearing checking ​ ​ 102,888 ​ ​ 104,214 Money market accounts ​ ​ 150,606 ​ ​ 136,719 Savings and club accounts 101,462 100,781 Certificates of deposit 151,285 160,303 ​ $ 561,204 $ 553,103 ​

Advances from Federal Home Loan

Advances from Federal Home Loan Bank	3 Months Ended
	Sep. 30, 2021
Advances from Federal Home Loan Bank
Advances from Federal Home Loan Bank	Note 10 – Advances from Federal Home Loan Bank The Bank is a member of the FHLB system, which consists of 11 regional Federal Home Loan Banks. The FHLB provides a central credit facility primarily for member institutions. The Bank had a maximum borrowing capacity with the FHLB of Pittsburgh of approximately $290.7 million and $280.8 million at September 30, 2021 and June 30, 2021, respectively. FHLB advances are secured by qualifying assets of the Bank, which include Federal Home Loan Bank stock and loans. The Bank had $420.9 million and $407.4 million of loans pledged as collateral as of September 30, 2021 and June 30, 2021, respectively. The Bank, as a member of the FHLB of Pittsburgh, is required to acquire and hold shares of capital stock in the FHLB of Pittsburgh. The Bank was in compliance with the requirements for the FHLB of Pittsburgh with an investment of $2.3 million and $2.7 million at September 30, 2021 and June 30, 2021, respectively. On July 20, 2021, the Bank paid off $7.0 million of advances from the FHLB of Pittsburgh due to the low interest rate environment and excess cash held on the Company’s Consolidated Statements of Financial Condition. Advances from the FHLB of Pittsburgh consisted of the following as of September 30, 2021 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2021 June 30, 2021 FHLB advances: ​ ​ Convertible ​ $ 20,000 ​ $ 20,000 Fixed ​ ​ 14,000 ​ 14,000 Mid-term ​ ​ — ​ 7,000 Total FHLB advances ​ $ 34,000 ​ $ 41,000 ​

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2021
Commitments and Contingencies.
Commitments and Contingencies	Note 11 – Commitments and Contingencies The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the Company’s Consolidated Statements of Financial Condition. A summary of the Company's loan commitments is as follows as of September 30, 2021 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, (Dollars in thousands) ​ 2021 ​ 2021 Commitments to extend credit ​ $ 31,414 ​ $ 35,350 Unfunded commitments under lines of credit ​ 64,855 ​ 50,583 Standby letters of credit ​ 1,000 ​ 2,000 ​ Commitments to extend credit are agreements to lend to a customer if there is no violation of any condition established in the contract. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Commitments generally have 90-day fixed expiration dates or other termination clauses and may require payment of a fee. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation. Collateral held varies, but primarily includes residential and commercial real estate. Periodically, there have been other various claims and lawsuits against the Bank, such as claims to enforce liens, condemnation proceedings on properties in which it holds security interests, claims involving the making and servicing of real property loans and other issues incident to its business. The Bank is not a party to any pending legal proceedings that it believes would have a material adverse effect on its financial condition, results of operations or cash flows.

Regulatory Capital Requirements

Regulatory Capital Requirements	3 Months Ended
	Sep. 30, 2021
Regulatory Capital Requirements
Regulatory Capital Requirements	Note 12 - Regulatory Capital Requirements The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet the minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk-weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (described below) of tangible and core capital to total adjusted assets and of total capital to risk-weighted assets. As of September 30, 2021 and June 30, 2021, the most recent notification from the regulators categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. In an effort to reduce regulatory burden, legislation enacted in May 2018 required the federal banking agencies to establish an optional “community bank leverage ratio” of between 8% to 10% tangible equity to average total consolidated assets for qualifying institutions with assets of less than $10 billion of assets. Institutions with capital meeting the specified requirement and electing to follow the alternative framework would be deemed to comply with the applicable regulatory capital requirements, including the risk-based requirements and would be considered well-capitalized under the prompt corrective action framework. The federal regulators issued a final rule, effective January 1, 2020, that set the elective community bank leverage ratio at 9% tier 1 capital to average total consolidated assets. The Bank elected to adopt the optional community bank leverage ratio framework in the first quarter of 2020. ​ Management believes, as of September 30, 2021 and June 30, 2021, that the Bank meets all capital adequacy requirements to which it is subject. In April 2020, the Federal banking regulatory agencies modified the original Community Bank Leverage Ratio (CBLR) framework and provided that, as of the second quarter 2020, a banking organization with a leverage ratio of 8 percent or greater and that meets the other existing qualifying criteria may elect to use the community bank leverage ratio framework. The modified rule also states that the community bank leverage ratio requirement will be greater than 8 percent for the second through fourth quarters of calendar year 2020, greater than 8.5 percent for calendar year 2021, and greater than 9 percent thereafter. The transition rule also maintains a two-quarter grace period for a qualifying community banking organization whose leverage ratio falls no more than 100 basis points below the applicable community bank leverage ratio requirement. ​ A “small holding company,” as defined under Federal Reserve Board regulations as a bank holding company or savings and loan holding company with less than $3 billion of consolidated assets, such as the Company, is generally not subject to the regulatory capital requirements applicable to the Bank and outlined above, unless otherwise directed by the Federal Reserve Board. The leverage ratios of the Bank at September 30, 2021 and June 30, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized Under ​ ​ ​ ​ ​ ​ ​ ​ ​ For Capital ​ ​ Prompt Corrective Action ​ As of September 30, 2021 ​ Actual ​ ​ Adequacy Purposes ​ ​ Provisions ​ (Dollars in thousands except for ratios) Amount ​ Ratio ​ ​ Amount ​ Ratio ​ ​ Amount ​ Ratio William Penn Bank: ​ ​ ​ ​ Tier 1 leverage ​ $ 153,322 ​ 18.82 % ​ $ 32,583 ​ ​ 4.00 % ​ $ 40,729 ​ ​ 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized Under ​ ​ ​ ​ ​ ​ ​ ​ ​ For Capital ​ ​ Prompt Corrective Action ​ As of June 30, 2021 ​ Actual ​ ​ Adequacy Purposes ​ ​ Provisions ​ (Dollars in thousands except for ratios) Amount ​ Ratio ​ ​ Amount ​ Ratio ​ ​ Amount ​ Ratio William Penn Bank: ​ ​ ​ ​ Tier 1 leverage ​ $ 152,104 ​ 18.89 % ​ $ 32,203 ​ ​ 4.00 % ​ $ 40,254 ​ ​ 5.00 % ​

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Sep. 30, 2021
Fair Value of Financial Instruments
Fair Value of Financial Instruments	Note 13 – Fair Value of Financial Instruments The Company follows authoritative guidance under FASB ASC Topic 820 for Fair Value Measurements and Disclosures which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The definition of fair value under ASC 820 is the exchange price. The guidance clarifies that the exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability in the market in which the reporting entity would transact for the asset or liability. The definition focuses on the price that would be received to sell the asset or paid to transfer the liability (an exit price), not the price that would be paid to acquire the asset or received to assume the liability (an entry price). The guidance emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Fair value is based on quoted market prices, when available. If listed prices or quotes are not available, fair value is based on fair value models that use market participant or independently sourced market data which include: discount rate, interest rate yield curves, credit risk, default rates and expected cash flow assumptions. In addition, valuation adjustments may be made in the determination of fair value. These fair value adjustments may include amounts to reflect counter party credit quality, creditworthiness, liquidity, and other unobservable inputs that are applied consistently over time. These adjustments are estimated and, therefore, subject to significant management judgment, and at times, may be necessary to mitigate the possibility of error or revision in the model-based estimate of the fair value provided by the model. The methods described above may produce fair value calculations that may not be indicative of the net realizable value. While the Company believes its valuation methods are consistent with other financial institutions, the use of different methods or assumptions to determine fair values could result in different estimates of fair value. FASB ASC Topic 820 for Fair Value Measurements and Disclosures describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level 2: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level 3: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. The following table presents the assets required to be measured and reported on a recurring basis on the Company’s Consolidated Statements of Financial Condition at their fair value as of September 30, 2021 and June 30, 2021, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 (Dollars in thousands) Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Investments available-for-sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ — ​ $ 50,449 ​ $ — ​ $ 50,449 U.S. agency collateralized mortgage obligations ​ ​ — ​ ​ 14,625 ​ ​ — ​ ​ 14,625 U.S. government agency securities ​ ​ — ​ ​ 6,233 ​ ​ — ​ ​ 6,233 Municipal bonds ​ ​ — ​ ​ 19,564 ​ ​ — ​ ​ 19,564 Corporate bonds ​ ​ — ​ ​ 36,136 ​ ​ — ​ ​ 36,136 Equity securities ​ ​ 2,635 ​ ​ — ​ ​ — ​ ​ 2,635 Total Assets ​ $ 2,635 ​ $ 127,007 ​ $ — ​ $ 129,642 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 (Dollars in thousands) Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Investments available-for-sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ — ​ $ 55,064 ​ $ — ​ $ 55,064 U.S. agency collateralized mortgage obligations ​ — ​ 15,433 ​ — ​ 15,433 U.S. government agency securities ​ — ​ 6,896 ​ — ​ 6,896 Municipal bonds ​ — ​ 19,861 ​ — ​ 19,861 Corporate bonds ​ — ​ 26,081 ​ — ​ 26,081 Total Assets ​ $ — ​ $ 123,335 ​ $ — ​ $ 123,335 ​ Assets and Liabilities Measured on a Non-Recurring Basis Certain assets and liabilities may be required to be measured at fair value on a nonrecurring basis in periods subsequent to their initial recognition. Generally, nonrecurring valuation is the result of the application of other accounting pronouncements which require assets and liabilities to be assessed for impairment or recorded at the lower of cost or fair value. Impaired loans are generally measured for impairment using the fair value of the collateral supporting the loan. Evaluating impaired loan collateral is based on Level 3 inputs utilizing outside appraisals adjusted by management for sales costs and other assumptions regarding market conditions to arrive at fair value. As of September 30, 2021 and June 30, 2021, the Company charged-off the collateral deficiency on impaired loans. As a result, there were no specific reserves on impaired loans as of September 30, 2021 and June 30, 2021. Other real estate owned (OREO) is measured at fair value, based on appraisals less cost to sell at the date of foreclosure. Valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value, less cost to sell. Income and expenses from operations and changes in valuation allowance are included in the net expenses from OREO. As of September 30, 2021, there were no assets required to be measured and reported at fair value on a non-recurring basis. As of June 30, 2021, assets required to be measured and reported at fair value on a non-recurring basis are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 (Dollars in thousands) ​ Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Other real estate owned ​ $ — ​ $ — ​ $ 75 ​ $ 75 ​ ​ $ — ​ $ — ​ $ 75 ​ $ 75 ​ ​ Quantitative information regarding assets measured at fair value on a non-recurring basis as of June 30, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantative Information about Level 3 Fair Value Measurements ​ ​ Fair Value ​ Valuation ​ Unobservable ​ ​ (Dollars in thousands) Estimate Techniques Input Range June 30, 2021 ​ ​ Foreclosed real estate owned ​ $ 75 Appraisal of collateral (1)(3) Liquidation expenses (2) 0 % (1) F air value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less any associated allowance. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. (3) Includes qualitative adjustments by management and estimated liquidation expenses. 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 sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective year-ends and have not been reevaluated or updated for purposes of these 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 year-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 following methods and assumptions were used to estimate the fair values of the Company’s financial instruments. Cash and Due from Banks and Interest-Bearing Time Deposits The carrying amounts of cash and amounts due from banks and interest-bearing time deposits approximate their fair value due to the relatively short time between origination of the instrument and its expected realization. Securities Available for Sale and Held to Maturity The fair value of investment and mortgage-backed securities is equal to the available quoted market price. If no quoted market price is available, fair value is estimated using the quoted market price for similar securities. Equity Securities The fair value of equity securities is equal to the available quoted market price. Loans Receivable The fair value is estimated by discounting future cash flows using current market inputs at which loans with similar terms are adjusted for liquidity and credit risk. Regulatory Stock The carrying amount of Federal Home Loan Bank stock approximates fair value because Federal Home Loan Bank stock can only be redeemed or sold at par value and only to the respective issuing government supported institution or to another member institution. Bank-Owned Life Insurance The Company reports bank-owned life insurance on its Consolidated Statements of Financial Condition at the cash surrender value. The carrying amount of bank-owned life insurance approximates fair value because the fair value of bank-owned life insurance is equal to the cash surrender value of the life insurance policies. Accrued Interest Receivable and Payable The carrying amount of accrued interest receivable and payable approximates fair value. Deposits Fair values for demand deposits, NOW accounts, savings and club accounts, and money market deposits are, by definition, equal to the amount payable on demand at the reporting date as these products have no stated maturity. Fair values of fixed-maturity certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates currently being offered on similar instruments with similar maturities. Advances from Federal Home Loan Bank Fair value of advances from Federal Home Loan Bank is estimated using discounted cash flow analyses, based on rates currently available to the Company for advances from Federal Home Loan Bank with similar terms and remaining maturities. Off-Balance Sheet Financial Instruments Fair value of commitments to extend credit is estimated using the fees currently charged to enter into similar agreements, considering market interest rates, the remaining terms and present credit worthiness of the counterparties. In accordance with FASB ASC Topic 825 for Financial Instruments, Disclosures about Fair Value of Financial Instruments The following tables set forth the carrying value of financial assets and liabilities and the fair value for certain financial instruments that are not required to be measured or reported at fair value on the Consolidated Statements of Financial Condition for the periods indicated. The tables below exclude financial instruments for which the carrying amount approximates fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ in Active Markets ​ Other Observable ​ Unobservable ​ ​ Carrying ​ Fair ​ for Identical Assets ​ Inputs ​ Inputs (Dollars in thousands) ​ Amount Value (Level 1) (Level 2) (Level 3) Financial instruments - assets: ​ ​ ​ ​ ​ Loans receivable, net ​ $ 454,157 ​ $ 465,506 ​ $ — ​ $ — ​ $ 465,506 Securities Held to Maturity ​ ​ 38,127 ​ ​ 37,669 ​ ​ — ​ ​ 37,669 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 151,285 ​ 152,550 ​ — ​ — ​ 152,550 Advances from Federal Home Loan Bank ​ 34,000 ​ 34,993 ​ — ​ — ​ 34,993 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Off-balance sheet financial instruments ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ in Active Markets ​ Other Observable ​ Unobservable ​ ​ Carrying ​ Fair ​ for Identical Assets ​ Inputs ​ Inputs (Dollars in thousands) Amount Value (Level 1) (Level 2) (Level 3) Financial instruments - assets: ​ ​ ​ ​ ​ Loans receivable, net ​ $ 461,196 ​ $ 472,292 ​ $ — ​ $ — ​ $ 472,292 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 160,303 ​ 161,057 ​ — ​ — ​ 161,057 Advances from Federal Home Loan Bank ​ 41,000 ​ 42,098 ​ — ​ — ​ 42,098 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Off-balance sheet financial instruments ​ — ​ — ​ — ​ — ​ — ​

Leases

Leases	3 Months Ended
	Sep. 30, 2021
Leases
Leases	Note 14 – Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment for a period of time in exchange for consideration. On July 1, 2019, the Company adopted ASU No 2016-02 “Leases” (Topic 842) Substantially all of the leases in which the Company is the lessee include real estate property for branches and office space with terms extending through 2043. All of the Company’s leases are classified as operating leases, and therefore, were previously not recognized on the Company’s Consolidated Statements of Financial Condition. Topic 842 requires the Company to recognize a right-of-use (“ROU”) asset and corresponding lease liability included in accrued interest receivable and other assets and accrued interest payable and other liabilities, respectively, on the Company’s Consolidated Statements of Financial Condition. The following tables present the Consolidated Statements of Financial Condition classification of the Company’s ROU assets and lease liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months of less), or equipment leases (deemed immaterial) on the Consolidated Statements of Financial Condition. ​ ​ ​ ​ ​ ​ (in thousands) ​ September 30, 2021 Lease Right-of-Use Assets Classification ​ Operating lease right-of-use assets ​ Other assets $ 4,819 Total Right-of-Use Assets ​ $ 4,819 ​ ​ ​ ​ ​ ​ (in thousands) ​ September 30, 2021 Lease Liabilities Classification ​ Operating lease liabilities Other liabilities $ 5,036 Total Lease Liabilities $ 5,036 ​ ​ ​ ​ ​ ​ (in thousands) ​ June 30, 2021 Lease Right-of-Use Assets Classification ​ Operating lease right-of-use assets Other assets $ 2,108 Total Right-of-Use Assets $ 2,108 ​ ​ ​ ​ ​ ​ (in thousands) June 30, 2021 Lease Liabilities Classification ​ Operating lease liabilities Other liabilities $ 2,307 Total Lease Liabilities ​ ​ $ 2,307 ​ The calculated amount of the ROU assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception, the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the ROU asset and lease liability. Regarding the discount rate, Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception, on a collateralized basis, over a similar term. On September 7, 2021, the Company opened a new branch office located in Doylestown in Bucks County, Pennsylvania. During the three months ended September 30, 2021, the Company’s lease agreement for this branch office commenced, which resulted in an increase of the ROU asset and lease liability of $2.8 million. ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2021 Weighted average remaining lease term ​ Operating leases 16.5 years Weighted average discount rate ​ ​ Operating leases 2.21 % ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2021 Weighted average remaining lease term ​ Operating leases 9.8 years Weighted average discount rate ​ Operating leases 1.76 % ​ The Company recorded $114 thousand and $85 thousand of net lease costs during the three months ended September 30, 2021 and 2020, respectively. Future minimum payments for operating leases with initial or remaining terms of one year or more as of September 30, 2021 were as follows: ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2021 ​ ​ Operating (in thousands) ​ Leases Twelve months ended September 30, ​ 2022 ​ $ 509 2023 ​ 520 2024 ​ 524 2025 ​ 461 2026 ​ 266 Thereafter ​ 3,930 Total future minimum lease payments ​ $ 6,210 Amounts representing interest ​ (1,174) Present value of net future minimum lease payments ​ $ 5,036 ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2021
Summary of Significant Accounting Policies
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements These consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and in accordance with the rules of the U.S. Securities and Exchange Commission for Quarterly Reports on Form 10-Q. The preparation of the consolidated financial statements in conformity with GAAP 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 income and expenses during the reporting period. The significant estimates include the allowance for loan losses, goodwill, intangible assets, income taxes, postretirement benefits, and the fair value of investment securities. Actual results could differ from those estimates and assumptions. The interim unaudited consolidated financial statements reflect all normal and recurring adjustments, which are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. The results of operations for the three months ended September 30, 2021 are not necessarily indicative of the results of operations that may be expected for the entire fiscal year or any other period. Certain reclassifications have been made in the consolidated financial statements to conform with current year classifications.
Presentation of Cash Flows	Presentation of Cash Flows For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, and interest-bearing demand deposits.
Revenue Recognition	Revenue Recognition Management determined that the primary sources of revenue emanating from interest and dividend income on loans and investments, along with noninterest revenue resulting from investment security and loan gains (losses) and earnings on bank owned life insurances, are not within the scope of ASC 606. The main types of noninterest income within the scope of ASC 606 include service charges on deposit accounts. The Company has contracts with its deposit customers where fees are charged if certain parameters are not met. These agreements can be cancelled at any time by either the Company or the deposit customer. Revenue from these transactions is recognized on a monthly basis as the Company has an unconditional right to the fee consideration. The Company also has transaction fees related to specific transactions or activities resulting from a customer request or activity that include overdraft fees, online banking fees, interchange fees, ATM fees and other transaction fees. These fees are attributable to specific performance obligations of the Company where the revenue is recognized at a defined point in time upon the completion of the requested service/transaction.
Segment Reporting	Segment Reporting The Company acts as an independent community financial services provider and offers traditional banking and related financial services to individual, business, and government customers. Through its branch network, the Bank offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial and mortgage loans; and the providing of other financial services. Management does not separately allocate expenses, including the cost of funding loan demand, between the commercial and retail operations of the Bank. As such, discrete financial information is not available and segment reporting would not be meaningful.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In January 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, March 2020 ​ In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs,

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2021
Earnings Per Share
Schedule of composition of the weighted average common shares used in the basic and diluted earnings per share computation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ ​ September 30, ​ (Dollars in thousands, except share and per share amounts) ​ 2021 ​ 2020 ​ Weighted-average common shares and common stock equivalents used to calculate basic and diluted earnings per share ​ ​ 14,301,956 ​ ​ 14,628,530 ​ Net income ​ $ 1,160 ​ $ 670 ​ Basic and diluted earnings per share ​ $ 0.08 ​ $ 0.05 ​

Changes in and Reclassificati_2

Changes in and Reclassifications Out of Accumulated Other Comprehensive (Loss) Income (Tables)	3 Months Ended
	Sep. 30, 2021
Changes in and Reclassifications Out of Accumulated Other Comprehensive (Loss) Income
Schedule of changes in the balances of each component of accumulated other comprehensive (loss) income ("AOCI")	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ Gains on Securities ​ ​ Available for Sale Accumulated Other Comprehensive (Loss) Income (1) ​ 2021 ​ 2020 Balance at June 30, ​ $ (64) ​ $ 76 Other comprehensive (loss) income before reclassifications ​ (550) ​ 357 Amounts reclassified from accumulated other comprehensive (loss) income ​ (48) ​ — Period change ​ (598) ​ 357 Balance at September 30, ​ $ (662) ​ $ 433 ​ (1) All amounts are net of tax. Related income tax expense is calculated using an income tax rate approximating 22.5%. ​ ​
Schedule of reclassifications out of AOCI by component	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Amounts Reclassified from Accumulated ​ ​ ​ ​ Other Comprehensive (Loss) Income (1) ​ ​ Details about Accumulated Other Comprehensive ​ Three Months Ended ​ Three Months Ended ​ Affected Line Item in the (Loss) Income Components September 30, 2021 ​ September 30, 2020 Consolidated Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ ​ Net securities gains reclassified into net income ​ $ 62 ​ $ — ​ Net gain on sale of securities Related income tax expense ​ ​ (14) ​ ​ — Income tax (benefit) expense ​ ​ $ 48 ​ $ — ​ ​ (1) Amounts in parenthesis indicate debits.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Sep. 30, 2021
Investment Securities
Schedule of amortized cost, gross unrealized gains and losses, and estimated fair value of investments in debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value Available For Sale: ​ Mortgage-backed securities ​ $ 51,172 ​ $ — ​ $ (723) ​ $ 50,449 U.S. agency collateralized mortgage obligations ​ ​ 14,876 ​ ​ 44 ​ ​ (295) ​ ​ 14,625 U.S. government agency securities ​ ​ 6,293 ​ ​ — ​ ​ (60) ​ ​ 6,233 Municipal bonds ​ ​ 20,219 ​ ​ 7 ​ ​ (662) ​ ​ 19,564 Corporate bonds ​ ​ 35,300 ​ ​ 861 ​ ​ (25) ​ ​ 36,136 Total Available For Sale ​ $ 127,860 ​ $ 912 ​ $ (1,765) ​ $ 127,007 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held To Maturity: ​ Mortgage-backed securities ​ $ 38,127 ​ $ — ​ $ (458) ​ $ 37,669 Total Held To Maturity ​ $ 38,127 ​ $ — ​ $ (458) ​ $ 37,669 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Gross Gross ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) Cost Gains Losses Value Available For Sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ 55,385 ​ $ 53 ​ $ (374) ​ $ 55,064 U.S. agency collateralized mortgage obligations ​ 15,641 ​ 47 ​ (255) ​ 15,433 U.S. government agency securities ​ 6,952 ​ — ​ (56) ​ 6,896 Municipal bonds ​ 20,239 ​ 11 ​ (389) ​ 19,861 Corporate bonds ​ 25,200 ​ 881 ​ — ​ 26,081 Total Available For Sale ​ $ 123,417 ​ $ 992 ​ $ (1,074) ​ $ 123,335
Schedule of amortized cost and fair value of debt securities by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ September 30, 2021 ​ ​ Available For Sale ​ Held To Maturity ​ Amortized ​ Fair Amortized ​ Fair (Dollars in thousands) ​ Cost ​ Value ​ Cost ​ Value Due in one year or less ​ $ — ​ $ — ​ $ — ​ $ — Due after one year through five years ​ 73 ​ 72 ​ — ​ — Due after five years through ten years ​ 37,765 ​ 38,589 ​ — ​ — Due after ten years ​ ​ 90,022 ​ ​ 88,346 ​ ​ 38,127 ​ ​ 37,669 ​ ​ $ 127,860 ​ $ 127,007 ​ $ 38,127 ​ $ 37,669 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of debt securities with unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ Less than 12 Months ​ 12 Months or More ​ Total ​ Total ​ Fair Unrealized ​ Fair Unrealized Fair Unrealized (Dollars in thousands) ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses Available For Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities $ 45,290 $ (643) $ 2,815 $ (80) $ 48,105 $ (723) U.S. agency collateralized mortgage obligations 6,795 (102) 5,529 ​ (193) 12,324 (295) U.S. government agency securities 171 (1) 4,665 (59) 4,836 (60) Municipal bonds 14,993 (530) 4,051 (132) 19,044 (662) Corporate bonds ​ 4,975 ​ (25) ​ — ​ — ​ 4,975 ​ (25) ​ ​ ​ 72,224 ​ ​ (1,301) ​ ​ 17,060 ​ ​ (464) ​ ​ 89,284 ​ ​ (1,765) Held To Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ 37,669 ​ (458) ​ — ​ — ​ ​ 37,669 ​ (458) ​ ​ 37,669 ​ (458) ​ — ​ — ​ 37,669 ​ (458) Total Temporarily Impaired Securities $ 109,893 $ (1,759) $ 17,060 $ (464) $ 126,953 $ (2,223) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Less than 12 Months ​ 12 Months or More ​ Total ​ Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized (Dollars in thousands) ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses Available For Sale: ​ ​ ​ ​ ​ ​ Mortgage-backed securities $ 43,152 $ (374) $ — $ — $ 43,152 $ (374) U.S. agency collateralized mortgage obligations ​ 10,613 ​ (202) ​ 2,407 ​ (53) ​ 13,020 ​ (255) U.S. government agency securities ​ 6,896 ​ (56) ​ — ​ — ​ 6,896 ​ (56) Municipal bonds ​ 17,748 ​ (389) ​ — ​ — ​ 17,748 ​ (389) Total Temporarily Impaired Securities ​ $ 78,409 ​ $ (1,021) ​ $ 2,407 ​ $ (53) ​ $ 80,816 ​ $ (1,074)

Loans (Tables)

Loans (Tables)	3 Months Ended
	Sep. 30, 2021
Loans
Schedule of major classifications of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, ​ ​ 2021 ​ 2021 (Dollars in thousands) Amount Percent ​ Amount Percent ​ Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family $ 162,822 35.51 % $ 173,306 37.22 % Home equity and HELOCs ​ 34,546 ​ 7.53 ​ 37,222 ​ 7.99 Construction -residential ​ 10,734 ​ 2.34 ​ 10,841 ​ 2.33 ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ 120,620 ​ 26.31 ​ ​ 120,581 ​ 25.90 ​ Multi-family (five or more) ​ 11,367 ​ 2.48 ​ 12,315 ​ 2.64 ​ Commercial non-residential ​ 104,759 ​ 22.85 ​ 96,612 ​ 20.75 ​ Construction and land ​ ​ 6,474 ​ 1.41 ​ ​ 6,377 ​ 1.37 ​ Commercial ​ 4,515 ​ 0.98 ​ 5,145 ​ 1.10 ​ Consumer Loans ​ 2,675 ​ 0.59 ​ 3,230 ​ 0.70 ​ Total Loans ​ 458,512 ​ 100.00 % 465,629 ​ 100.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unearned loan origination fees ​ (764) ​ ​ (820) ​ ​ ​ Allowance for loan losses ​ (3,591) ​ ​ (3,613) ​ ​ ​ Net Loans ​ $ 454,157 ​ ​ $ 461,196 ​ ​ ​
Schedule for changes in the allowance for loan losses	The following table presents by portfolio segment, the changes in the allowance for loan losses for the three months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 Residential real estate: Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ Construction- ​ 1 - 4 family ​ Multi-family ​ Commercial ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollar amounts in thousands) ​ 1 - 4 family and HELOCs residential investor (five or more) non-residential and Land Commercial Consumer Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 709 ​ $ 133 ​ $ 487 ​ $ 843 ​ $ 159 ​ $ 854 ​ $ 362 ​ $ 51 ​ $ 15 ​ $ 3,613 Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Recoveries ​ ​ — ​ ​ 7 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ 8 Provision (recovery) ​ ​ (51) ​ ​ (17) ​ ​ (101) ​ ​ 33 ​ ​ (11) ​ ​ 114 ​ ​ 6 ​ ​ (2) ​ ​ (1) ​ ​ (30) Ending Balance ​ $ 658 ​ $ 123 ​ $ 386 ​ $ 876 ​ $ 148 ​ $ 968 ​ $ 368 ​ $ 49 ​ $ 15 ​ $ 3,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 Residential real estate: Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ Construction- ​ 1 - 4 family ​ Multi-family ​ Commercial ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollar amounts in thousands) ​ 1-4 family and HELOCs ​ residential ​ investor (five or more) non-residential and Land Commercial Consumer Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 682 ​ $ 166 ​ $ 526 ​ $ 801 ​ $ 123 ​ $ 727 ​ $ 396 ​ $ 83 ​ $ 15 ​ $ 3,519 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Provision (recovery) ​ 49 ​ (16) ​ (65) ​ 58 ​ (2) ​ 53 ​ 40 ​ (51) ​ — ​ 66 Ending Balance ​ $ 731 ​ $ 150 ​ $ 461 ​ $ 859 ​ $ 121 ​ $ 780 ​ $ 436 ​ $ 32 ​ $ 15 ​ $ 3,585 ​ The following tables present the allowance for loan losses and recorded investment by loan portfolio classification as September 30, 2021 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 Residential real estate: Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ Construction- ​ 1 - 4 family ​ Multi-family ​ Commercial ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollar amounts in thousands) 1 - 4 family and HELOCs residential investor (five or more) non-residential and Land Commercial Consumer Total Allowance ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively evaluated for impairment ​ 658 ​ 123 ​ 386 ​ 876 ​ 148 ​ 968 ​ 368 ​ 49 ​ 15 ​ 3,591 Total allowance ​ $ 658 ​ $ 123 ​ $ 386 ​ $ 876 ​ $ 148 ​ $ 968 ​ $ 368 ​ $ 49 ​ $ 15 ​ $ 3,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,743 ​ $ 499 ​ $ — ​ $ 554 ​ $ 503 ​ $ 853 ​ $ — ​ $ — ​ $ — ​ $ 4,152 Collectively evaluated for impairment ​ 83,773 ​ 13,988 ​ 8,487 ​ 99,093 ​ 10,781 ​ 78,746 ​ 6,474 ​ 3,421 ​ 529 ​ 305,292 Acquired non-credit impaired loans (1) ​ 77,167 ​ 20,036 ​ 2,247 ​ 20,973 ​ 83 ​ 25,160 ​ — ​ 1,094 ​ 2,146 ​ 148,906 Acquired credit impaired loans (2) ​ 139 ​ 23 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 162 Total portfolio ​ $ 162,822 ​ $ 34,546 ​ $ 10,734 ​ $ 120,620 ​ $ 11,367 ​ $ 104,759 ​ $ 6,474 ​ $ 4,515 ​ $ 2,675 ​ $ 458,512 (1) Acquired non-credit impaired loans are evaluated collectively, excluding loans that have subsequently moved to non-accrual status which are individually evaluated for impairment. ​ (2) Acquired credit impaired loans are evaluated on an individual basis. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 Residential real estate: Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ Construction- ​ 1 - 4 family ​ Multi-family ​ Commercial ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollar amounts in thousands) 1 - 4 family and HELOCs residential investor (five or more) non-residential and Land Commercial Consumer Total Allowance ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively evaluated for impairment ​ 709 ​ 133 ​ 487 ​ 843 ​ 159 ​ 854 ​ 362 ​ 51 ​ 15 ​ 3,613 Total allowance ​ $ 709 ​ $ 133 ​ $ 487 ​ $ 843 ​ $ 159 ​ $ 854 ​ $ 362 ​ $ 51 ​ $ 15 ​ $ 3,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,907 ​ $ 578 ​ $ — ​ $ 433 ​ $ 176 ​ $ 892 ​ $ — ​ $ — ​ $ — ​ $ 3,986 Collectively evaluated for impairment ​ 87,540 ​ 14,617 ​ 8,582 ​ 98,043 ​ 12,008 ​ 68,530 ​ 6,377 ​ 4,151 ​ 535 ​ 300,383 Acquired non-credit impaired loans (1) ​ 83,721 ​ 22,004 ​ 2,259 ​ 22,105 ​ 131 ​ 27,190 ​ — ​ 994 ​ 2,695 ​ 161,099 Acquired credit impaired loans (2) ​ 138 ​ 23 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 161 Total portfolio ​ $ 173,306 ​ $ 37,222 ​ $ 10,841 ​ $ 120,581 ​ $ 12,315 ​ $ 96,612 ​ $ 6,377 ​ $ 5,145 ​ $ 3,230 ​ $ 465,629 (1) Acquired non-credit impaired loans are evaluated collectively, excluding loans that have subsequently moved to non-accrual status which are individually evaluated for impairment. ​ (2) Acquired credit impaired loans are evaluated on an individual basis.
Schedule of risk category of loans by class of loans	​ ​ ​ ​ ​ The following tables set forth the amounts of the portfolio of classified asset categories for the commercial loan portfolios at September 30, 2021 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ investor ​ Multi-family ​ Non-residential ​ and land ​ Commercial ​ Total Pass $ 118,090 ​ $ 10,864 $ 103,905 $ 6,474 $ 4,515 $ 243,848 Special Mention ​ ​ 2,054 ​ ​ — ​ ​ 332 ​ ​ — ​ ​ — ​ ​ 2,386 Substandard ​ ​ 476 ​ ​ 503 ​ ​ 522 ​ ​ — ​ ​ — ​ ​ 1,501 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending Balance ​ $ 120,620 ​ $ 11,367 ​ $ 104,759 ​ $ 6,474 ​ $ 4,515 ​ $ 247,735 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ investor ​ Multi-family ​ Non-residential ​ and land ​ Commercial ​ Total Pass $ 118,175 ​ $ 12,139 $ 95,720 $ 6,377 $ 5,145 $ 237,556 Special Mention ​ 2,054 ​ ​ — ​ ​ 356 ​ ​ — ​ ​ — ​ ​ 2,410 Substandard ​ 352 ​ ​ 176 ​ ​ 536 ​ ​ — ​ ​ — ​ ​ 1,064 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending Balance ​ $ 120,581 ​ $ 12,315 ​ $ 96,612 ​ $ 6,377 ​ $ 5,145 ​ $ 241,030 ​ The following tables set forth the amounts of the portfolio that are not rated by class of loans for the residential and consumer loan portfolios at September 30, 2021 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential Real Estate and Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit Risk Internally Assigned ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family HELOCs Construction Consumer Total Performing $ 159,295 $ 34,136 $ 10,734 $ 2,558 $ 206,723 Non-performing ​ ​ 3,527 ​ ​ 410 ​ — ​ 117 ​ 4,054 ​ ​ $ 162,822 ​ $ 34,546 ​ $ 10,734 ​ $ 2,675 ​ $ 210,777 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family HELOCs Construction Consumer Total Performing $ 169,532 $ 36,877 $ 10,841 $ 3,112 $ 220,362 Non-performing ​ 3,774 ​ ​ 345 ​ — ​ 118 ​ 4,237 ​ ​ $ 173,306 ​ $ 37,222 ​ $ 10,841 ​ $ 3,230 ​ $ 224,599
Summary of outstanding principal and related carrying amount of loans acquired with deteriorated credit quality	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2021 June 30, 2021 Outstanding principal balance ​ $ 244 ​ $ 247 Carrying amount ​ 162 ​ 161
Schedule of accretable discount on loans acquired with deteriorated credit quality	​ ​ ​ ​ ​ (Dollars in thousands) Accretable Discount Balance, May 1, 2020 ​ $ 57 Accretion ​ (4) Balance, June 30, 2020 ​ $ 53 Accretion ​ (40) Balance, June 30, 2021 ​ $ 13 Accretion ​ (4) Balance, September 30, 2021 ​ $ 9
Schedule of aging analysis of past due loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aged Analysis of Past Due and Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ 30 - 59 Days ​ 60 - 89 Days ​ 90 Days ​ Total Past ​ Credit ​ ​ ​ ​ Total Loans ​ >90 Days and ​ Loans on (Dollar amounts in thousands) Past Due Past Due Or Greater Due Impaired Current Receivable Accruing Non-Accrual Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family $ 783 $ 293 $ 1,264 $ 2,340 $ 139 $ 160,343 $ 162,822 $ — $ 3,527 Home equity and HELOCs ​ ​ 112 ​ ​ 8 ​ ​ 150 ​ ​ 270 ​ ​ 23 ​ ​ 34,253 ​ ​ 34,546 ​ ​ — ​ ​ 410 Construction - residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10,734 ​ ​ 10,734 ​ ​ — ​ ​ — Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ 252 ​ ​ — ​ ​ 400 ​ ​ 652 ​ ​ — ​ ​ 119,968 ​ ​ 120,620 ​ ​ — ​ ​ 476 Multi-family ​ ​ 331 ​ ​ — ​ ​ 172 ​ ​ 503 ​ ​ — ​ ​ 10,864 ​ ​ 11,367 ​ ​ — ​ ​ 503 Commercial non-residential ​ ​ 569 ​ ​ 15 ​ ​ — ​ ​ 584 ​ ​ — ​ ​ 104,175 ​ ​ 104,759 ​ ​ — ​ ​ 522 Construction and land ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 6,474 ​ ​ 6,474 ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,515 ​ ​ 4,515 ​ ​ — ​ ​ — Consumer ​ ​ 35 ​ ​ 32 ​ ​ — ​ ​ 67 ​ ​ — ​ ​ 2,608 ​ ​ 2,675 ​ ​ — ​ ​ 117 Total ​ $ 2,082 ​ $ 348 ​ $ 1,986 ​ $ 4,416 ​ $ 162 ​ $ 453,934 ​ $ 458,512 ​ $ — ​ $ 5,555 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aged Analysis of Past Due and Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired ​ ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ 30 - 59 Days ​ 60 - 89 Days ​ 90 Days ​ Total Past ​ Credit ​ ​ ​ ​ Total Loans ​ >90 Days and ​ Loans on (Dollar amounts in thousands) Past Due Past Due Or Greater Due Impaired Current Receivable Accruing Non-Accrual Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family $ 1,658 $ 561 $ 989 $ 3,208 $ 138 $ 169,960 $ 173,306 $ — $ 3,774 Home equity and HELOCs ​ 58 ​ ​ 150 ​ ​ 80 ​ ​ 288 ​ ​ 23 ​ ​ 36,911 ​ ​ 37,222 ​ ​ — ​ ​ 345 Construction - residential ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10,841 ​ ​ 10,841 ​ ​ — ​ ​ — Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ 81 ​ ​ — ​ ​ 271 ​ ​ 352 ​ ​ — ​ ​ 120,229 ​ ​ 120,581 ​ ​ — ​ ​ 352 Multi-family ​ — ​ ​ 344 ​ ​ 176 ​ ​ 520 ​ ​ — ​ ​ 11,795 ​ ​ 12,315 ​ ​ — ​ ​ 176 Commercial non-residential ​ 92 ​ ​ 491 ​ ​ — ​ ​ 583 ​ ​ — ​ ​ 96,029 ​ ​ 96,612 ​ ​ — ​ ​ 536 Construction and land ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 6,377 ​ ​ 6,377 ​ ​ — ​ ​ — Commercial ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,145 ​ ​ 5,145 ​ ​ — ​ ​ — Consumer ​ 64 ​ ​ — ​ ​ — ​ ​ 64 ​ ​ — ​ ​ 3,166 ​ ​ 3,230 ​ ​ — ​ ​ 118 Total ​ $ 1,953 ​ $ 1,546 ​ $ 1,516 ​ $ 5,015 ​ $ 161 ​ $ 460,453 ​ $ 465,629 ​ $ — ​ $ 5,301
Summary of recorded investment and unpaid principal balances for impaired loans	The following tables include the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable, at September 30, 2021 and June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (Dollars in thousands) Investment Balance Allowance With no related allowance recorded: ​ ​ ​ 1 - 4 Family residential real estate ​ $ 1,743 ​ $ 1,800 ​ $ — Home equity and HELOCs ​ 499 ​ 499 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 554 ​ ​ 600 ​ ​ — Multi-family ​ ​ 503 ​ ​ 513 ​ ​ — Commercial non-residential ​ 853 ​ 872 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ 1 - 4 Family ​ $ — ​ $ — ​ $ — Home equity and HELOCs ​ — ​ — ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ — ​ ​ — ​ ​ — Multi-family ​ — ​ — ​ — Commercial non-residential ​ — ​ — ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ 1 - 4 Family ​ $ 1,743 ​ $ 1,800 ​ $ — Home equity and HELOCs ​ 499 ​ 499 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 554 ​ ​ 600 ​ ​ — Multi-family ​ 503 ​ 513 ​ — Commercial non-residential ​ 853 ​ 872 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ The impaired loans table above includes accruing troubled debt restructuings (“TDRs”) in the amount of $908 thousand that are performing in accordance with their modified terms. The Company recognized $12 thousand of interest income on accruing TDRs during the three months ended September 30, 2021. The table above does not include $162 thousand of loans acquired with deteriorated credit quality, which have been recorded at their fair value at acquisition. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (Dollars in thousands) Investment Balance Allowance With no related allowance recorded: ​ ​ ​ 1-4 Family residential real estate ​ $ 1,907 ​ $ 1,943 ​ $ — Home equity and HELOCs ​ 578 ​ 587 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 433 ​ ​ 477 ​ ​ — Multi-family ​ 176 ​ ​ 180 ​ ​ — Commercial non-residential ​ 892 ​ 900 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ 1-4 Family residential real estate ​ $ — ​ $ — ​ $ — Home equity and HELOCs ​ — ​ — ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ — ​ ​ — ​ ​ — Multi-family ​ — ​ — ​ — Commercial non-residential ​ — ​ — ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ 1-4 Family residential real estate ​ $ 1,907 ​ $ 1,943 ​ $ — Home equity and HELOCs ​ 578 ​ 587 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 433 ​ ​ 477 ​ ​ — Multi-family ​ 176 ​ 180 ​ — Commercial non-residential ​ 892 ​ 900 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ The impaired loans table above includes accruing TDRs in the amount of $935 thousand that are performing in accordance with their modified terms. The Company recognized $13 thousand of interest income on accruing TDRs during the three months ended September 30, 2020. The table above does not include $161 thousand of loans acquired with deteriorated credit quality, which have been recorded at their fair value at acquisition. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables include the average recorded investment balances for impaired loans and the interest income recognized for the three months ended September 30, 2021 and September 30, 2020. ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Three Months Ended ​ ​ Average ​ Interest ​ ​ Recorded ​ Income (Dollars in thousands) Investment Recognized With no related allowance recorded: ​ ​ 1-4 Family residential real estate ​ $ 1,802 ​ $ — Home equity and HELOCs ​ 558 ​ 5 Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ 461 ​ ​ 1 Multi-family ​ 258 ​ — Commercial non-residential ​ 870 ​ 6 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ 1-4 Family residential real estate ​ $ — ​ $ — Home equity and HELOCs ​ — ​ — Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ ​ ​ ​ ​ Multi-family ​ — ​ — Commercial non-residential ​ — ​ — Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ 1-4 Family residential real estate ​ $ 1,802 ​ $ — Home equity and HELOCs ​ 558 ​ 5 Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ 461 ​ ​ 1 Multi-family ​ 258 ​ — Commercial non-residential ​ 870 ​ 6 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Three Months Ended ​ ​ Average ​ Interest ​ ​ Recorded ​ Income (Dollars in thousands) Investment Recognized With no related allowance recorded: ​ ​ 1-4 Family residential real estate ​ $ 471 ​ $ 6 Home equity and HELOCs ​ 686 ​ 5 Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ 778 ​ ​ 6 Multi-family ​ 185 ​ 2 Commercial non-residential ​ 667 ​ 9 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ 1-4 Family residential real estate ​ $ — ​ $ — Home equity and HELOCs ​ — ​ — Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ ​ ​ ​ ​ Multi-family ​ — ​ — Commercial non-residential ​ — ​ — Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ 1-4 Family residential real estate ​ $ 471 ​ $ 6 Home equity and HELOCs ​ 686 ​ 5 Construction Residential ​ — ​ — 1-4 Family investor commercial real estate ​ ​ 778 ​ ​ 6 Multi-family ​ 185 ​ 2 Commercial non-residential ​ 667 ​ 9 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​

Premises and Equipment (Tables)

Premises and Equipment (Tables)	3 Months Ended
	Sep. 30, 2021
Premises and Equipment
Schedule of components of premises and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, (Dollars in thousands) ​ 2021 ​ 2021 Land ​ $ 2,581 ​ $ 2,581 Office buildings and improvements ​ 13,100 ​ 12,932 Furniture, fixtures and equipment ​ 2,516 ​ 2,428 Automobiles ​ 50 ​ 50 ​ ​ 18,247 ​ 17,991 ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ (4,783) ​ (4,552) ​ ​ $ 13,464 ​ $ 13,439

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	3 Months Ended
	Sep. 30, 2021
Goodwill and Intangibles
Schedule of goodwill and other intangibles	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Core Deposit (Dollars in thousands) ​ Goodwill ​ Intangibles Balance, June 30, 2021 ​ $ 4,858 ​ $ 937 Adjustments: ​ ​ Additions ​ — ​ — Amortization ​ — ​ (57) Balance, September 30, 2021 ​ $ 4,858 ​ $ 880 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Core Deposit (Dollars in thousands) ​ Goodwill ​ Intangibles Balance, June 30, 2020 ​ $ 4,858 ​ $ 1,192 Adjustments: ​ ​ Additions ​ — ​ — Amortization ​ — ​ (64) Balance, September 30, 2020 ​ $ 4,858 ​ $ 1,128

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Sep. 30, 2021
Deposits.
Schedule of classification of deposits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ September 30, 2021 ​ June 30, 2021 Non-interest bearing checking $ 54,963 $ 51,086 Interest bearing checking ​ ​ 102,888 ​ ​ 104,214 Money market accounts ​ ​ 150,606 ​ ​ 136,719 Savings and club accounts 101,462 100,781 Certificates of deposit 151,285 160,303 ​ $ 561,204 $ 553,103

Advances from Federal Home Lo_2

Advances from Federal Home Loan Bank (Tables)	3 Months Ended
	Sep. 30, 2021
Advances from Federal Home Loan Bank
Schedule of advances from FHLB	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2021 June 30, 2021 FHLB advances: ​ ​ Convertible ​ $ 20,000 ​ $ 20,000 Fixed ​ ​ 14,000 ​ 14,000 Mid-term ​ ​ — ​ 7,000 Total FHLB advances ​ $ 34,000 ​ $ 41,000

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Sep. 30, 2021
Commitments and Contingencies.
Schedule of company's loan commitments	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, (Dollars in thousands) ​ 2021 ​ 2021 Commitments to extend credit ​ $ 31,414 ​ $ 35,350 Unfunded commitments under lines of credit ​ 64,855 ​ 50,583 Standby letters of credit ​ 1,000 ​ 2,000

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	3 Months Ended
	Sep. 30, 2021
Regulatory Capital Requirements
Schedule of leverage ratios	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized Under ​ ​ ​ ​ ​ ​ ​ ​ ​ For Capital ​ ​ Prompt Corrective Action ​ As of September 30, 2021 ​ Actual ​ ​ Adequacy Purposes ​ ​ Provisions ​ (Dollars in thousands except for ratios) Amount ​ Ratio ​ ​ Amount ​ Ratio ​ ​ Amount ​ Ratio William Penn Bank: ​ ​ ​ ​ Tier 1 leverage ​ $ 153,322 ​ 18.82 % ​ $ 32,583 ​ ​ 4.00 % ​ $ 40,729 ​ ​ 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized Under ​ ​ ​ ​ ​ ​ ​ ​ ​ For Capital ​ ​ Prompt Corrective Action ​ As of June 30, 2021 ​ Actual ​ ​ Adequacy Purposes ​ ​ Provisions ​ (Dollars in thousands except for ratios) Amount ​ Ratio ​ ​ Amount ​ Ratio ​ ​ Amount ​ Ratio William Penn Bank: ​ ​ ​ ​ Tier 1 leverage ​ $ 152,104 ​ 18.89 % ​ $ 32,203 ​ ​ 4.00 % ​ $ 40,254 ​ ​ 5.00 %

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Sep. 30, 2021
Fair Value of Financial Instruments
Schedule of assets measured at fair value on recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 (Dollars in thousands) Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Investments available-for-sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ — ​ $ 50,449 ​ $ — ​ $ 50,449 U.S. agency collateralized mortgage obligations ​ ​ — ​ ​ 14,625 ​ ​ — ​ ​ 14,625 U.S. government agency securities ​ ​ — ​ ​ 6,233 ​ ​ — ​ ​ 6,233 Municipal bonds ​ ​ — ​ ​ 19,564 ​ ​ — ​ ​ 19,564 Corporate bonds ​ ​ — ​ ​ 36,136 ​ ​ — ​ ​ 36,136 Equity securities ​ ​ 2,635 ​ ​ — ​ ​ — ​ ​ 2,635 Total Assets ​ $ 2,635 ​ $ 127,007 ​ $ — ​ $ 129,642 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 (Dollars in thousands) Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Investments available-for-sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ — ​ $ 55,064 ​ $ — ​ $ 55,064 U.S. agency collateralized mortgage obligations ​ — ​ 15,433 ​ — ​ 15,433 U.S. government agency securities ​ — ​ 6,896 ​ — ​ 6,896 Municipal bonds ​ — ​ 19,861 ​ — ​ 19,861 Corporate bonds ​ — ​ 26,081 ​ — ​ 26,081 Total Assets ​ $ — ​ $ 123,335 ​ $ — ​ $ 123,335
Schedule of assets measured at fair value on non-recurring basis	As of September 30, 2021, there were no assets required to be measured and reported at fair value on a non-recurring basis. As of June 30, 2021, assets required to be measured and reported at fair value on a non-recurring basis are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 (Dollars in thousands) ​ Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Other real estate owned ​ $ — ​ $ — ​ $ 75 ​ $ 75 ​ ​ $ — ​ $ — ​ $ 75 ​ $ 75 ​ ​
Schedule of quantitative information of assets measured at fair value on non-recurring basis	Quantitative information regarding assets measured at fair value on a non-recurring basis as of June 30, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantative Information about Level 3 Fair Value Measurements ​ ​ Fair Value ​ Valuation ​ Unobservable ​ ​ (Dollars in thousands) Estimate Techniques Input Range June 30, 2021 ​ ​ Foreclosed real estate owned ​ $ 75 Appraisal of collateral (1)(3) Liquidation expenses (2) 0 % (1) F air value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less any associated allowance. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. (3) Includes qualitative adjustments by management and estimated liquidation expenses.
Schedule of carrying amount and fair value of financial assets and liabilities	The following tables set forth the carrying value of financial assets and liabilities and the fair value for certain financial instruments that are not required to be measured or reported at fair value on the Consolidated Statements of Financial Condition for the periods indicated. The tables below exclude financial instruments for which the carrying amount approximates fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ in Active Markets ​ Other Observable ​ Unobservable ​ ​ Carrying ​ Fair ​ for Identical Assets ​ Inputs ​ Inputs (Dollars in thousands) ​ Amount Value (Level 1) (Level 2) (Level 3) Financial instruments - assets: ​ ​ ​ ​ ​ Loans receivable, net ​ $ 454,157 ​ $ 465,506 ​ $ — ​ $ — ​ $ 465,506 Securities Held to Maturity ​ ​ 38,127 ​ ​ 37,669 ​ ​ — ​ ​ 37,669 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 151,285 ​ 152,550 ​ — ​ — ​ 152,550 Advances from Federal Home Loan Bank ​ 34,000 ​ 34,993 ​ — ​ — ​ 34,993 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Off-balance sheet financial instruments ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ Significant ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ in Active Markets ​ Other Observable ​ Unobservable ​ ​ Carrying ​ Fair ​ for Identical Assets ​ Inputs ​ Inputs (Dollars in thousands) Amount Value (Level 1) (Level 2) (Level 3) Financial instruments - assets: ​ ​ ​ ​ ​ Loans receivable, net ​ $ 461,196 ​ $ 472,292 ​ $ — ​ $ — ​ $ 472,292 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 160,303 ​ 161,057 ​ — ​ — ​ 161,057 Advances from Federal Home Loan Bank ​ 41,000 ​ 42,098 ​ — ​ — ​ 42,098 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Off-balance sheet financial instruments ​ — ​ — ​ — ​ — ​ —

Leases (Tables)

Leases (Tables)	3 Months Ended
	Sep. 30, 2021
Leases
Schedule of leases in consolidated statements of financial condition	​ ​ ​ ​ ​ ​ (in thousands) ​ September 30, 2021 Lease Right-of-Use Assets Classification ​ Operating lease right-of-use assets ​ Other assets $ 4,819 Total Right-of-Use Assets ​ $ 4,819 ​ ​ ​ ​ ​ ​ (in thousands) ​ September 30, 2021 Lease Liabilities Classification ​ Operating lease liabilities Other liabilities $ 5,036 Total Lease Liabilities $ 5,036 ​ ​ ​ ​ ​ ​ (in thousands) ​ June 30, 2021 Lease Right-of-Use Assets Classification ​ Operating lease right-of-use assets Other assets $ 2,108 Total Right-of-Use Assets $ 2,108 ​ ​ ​ ​ ​ ​ (in thousands) June 30, 2021 Lease Liabilities Classification ​ Operating lease liabilities Other liabilities $ 2,307 Total Lease Liabilities ​ ​ $ 2,307
Schedule of weighted average remaining lease term and discount rate	​ ​ ​ ​ ​ ​ September 30, ​ ​ 2021 Weighted average remaining lease term ​ Operating leases 16.5 years Weighted average discount rate ​ ​ Operating leases 2.21 % ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2021 Weighted average remaining lease term ​ Operating leases 9.8 years Weighted average discount rate ​ Operating leases 1.76 %
Summary of maturities of the Company's lease liabilities	​ ​ ​ ​ ​ ​ September 30, ​ ​ 2021 ​ ​ Operating (in thousands) ​ Leases Twelve months ended September 30, ​ 2022 ​ $ 509 2023 ​ 520 2024 ​ 524 2025 ​ 461 2026 ​ 266 Thereafter ​ 3,930 Total future minimum lease payments ​ $ 6,210 Amounts representing interest ​ (1,174) Present value of net future minimum lease payments ​ $ 5,036

Nature of Operations (Details)

Nature of Operations (Details) $ / shares in Units, $ in Thousands	Mar. 24, 2021USD ($)$ / sharesshares	Sep. 30, 2021USD ($)Office
Nature of Operations
ESOP shares committed to be released		$ 108
Percentage of shares of the outstanding stock sold		6.97%
Number of full service branch offices | Office		12
Additional Paid-in capital
Nature of Operations
Cash Acquired from Acquisition	$ 5,400
William Penn Bank
Nature of Operations
Gross proceeds	$ 126,400
William Penn, MHC shares sold in public offering, net of offering costs (in shares) | shares	12,640,035
Share price | $ / shares	$ 10
Shares outstanding | shares	776,647
Conversion of existing shares at 3.2585 exchange ratio	3.2585
Percentage of shares sold in offering	8.00%
Percentage of aggregate purchase price of common stock	100.00%
ESOP issued | shares	881,130
ESOP shares committed to be released	$ 10,100
Ownership percentage held by parent (as a percent)		100.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) $ in Millions	3 Months Ended
	Sep. 30, 2021USD ($)
Summary of Significant Accounting Policies
Estimated useful life	10 years
WPSLA Investment Corporation
Summary of Significant Accounting Policies
Loans held in portfolio	$ 154.9
Investment securities portfolio	$ 167.8

Earnings Per Share - Computatio

Earnings Per Share - Computation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Composition of the weighted average common shares used in the basic and diluted earnings per share computation
Weighted-average common shares and common stock equivalents used to calculate basic and diluted earnings per share	14,301,956	14,628,530
Net income	$ 1,160	$ 670
Basic earnings per share	$ 0.08	$ 0.05
Diluted earnings per share	$ 0.08	$ 0.05

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share
Antidilutive securities	0	0
Net income	$ 1,160	$ 670

Changes in and Reclassificati_3

Changes in and Reclassifications Out of Accumulated Other Comprehensive (Loss) Income - Changes in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Accumulated Other Comprehensive (Loss) Income
Beginning balance	$ 216,926	$ 96,365
Other comprehensive income (loss)	(598)	357
Ending balance	$ 213,045	95,506
Income tax rate	22.50%
Net gain on sale of securities
Accumulated Other Comprehensive (Loss) Income
Beginning balance	$ (64)	76
Other comprehensive (loss) income before reclassifications	(550)	357
Amounts reclassified from accumulated other comprehensive (loss) income	(48)
Other comprehensive income (loss)	(598)	357
Ending balance	$ (662)	$ 433

Changes in and Reclassificati_4

Changes in and Reclassifications Out of Accumulated Other Comprehensive (Loss) Income - Reclassifications out of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net securities gains reclassified into net income	$ 62
Income tax (benefit) expense	30	$ (146)
NET INCOME	1,160	$ 670
Reclassifications out of AOCI | Net gain on sale of securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net securities gains reclassified into net income	62
Income tax (benefit) expense	(14)
NET INCOME	$ 48

Investment Securities - Availab

Investment Securities - Available for sale (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Available For Sale:
Amortized Cost	$ 127,860	$ 123,417
Gross Unrealized Gains	912	992
Gross Unrealized Losses	(1,765)	(1,074)
Fair value	127,007	123,335
Held To Maturity:
Held to maturity securities, Amortized cost	38,127
Gross Unrealized Losses	(458)
Fair value	37,669	0
Mortgage-backed securities
Available For Sale:
Amortized Cost	51,172	55,385
Gross Unrealized Gains		53
Gross Unrealized Losses	(723)	(374)
Fair value	50,449	55,064
Held To Maturity:
Held to maturity securities, Amortized cost	38,127
Gross Unrealized Losses	(458)
Fair value	37,669
U.S. agency collateralized mortgage obligations
Available For Sale:
Amortized Cost	14,876	15,641
Gross Unrealized Gains	44	47
Gross Unrealized Losses	(295)	(255)
Fair value	14,625	15,433
U.S. government agency securities
Available For Sale:
Amortized Cost	6,293	6,952
Gross Unrealized Losses	(60)	(56)
Fair value	6,233	6,896
Municipal bonds
Available For Sale:
Amortized Cost	20,219	20,239
Gross Unrealized Gains	7	11
Gross Unrealized Losses	(662)	(389)
Fair value	19,564	19,861
Corporate bonds
Available For Sale:
Amortized Cost	35,300	25,200
Gross Unrealized Gains	861	881
Gross Unrealized Losses	(25)
Fair value	$ 36,136	$ 26,081

Investment Securities - Securit

Investment Securities - Securities by contractual maturity (Details) $ in Thousands	Sep. 30, 2021USD ($)
Available for sale, Amortized Cost
Due after one year through five years	$ 73
Due after five years through ten years	37,765
Due after ten years	90,022
Amortized Cost	127,860
Available for sale, Fair Value
Due after one year through five years	72
Due after five years through ten years	38,589
Due after ten years	88,346
Fair Value	127,007
Held to maturity, Amortized Cost
Due after ten years	38,127
Amortized Cost	38,127
Held to maturity, Fair Value
Due after ten years	37,669
Fair Value	$ 37,669

Investment Securities - Investm

Investment Securities - Investments with unrealized losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Jun. 30, 2021
Fair Value
Less than 12 Months	$ 72,224	$ 78,409
12 Months or More	17,060	2,407
Total Fair Value	89,284	80,816
Unrealized Losses
Less than 12 Months	(1,301)	(1,021)
12 Months or More	(464)	(53)
Total Unrealized Losses	(1,765)	(1,074)
Fair Value
Less than 12 Months	37,669
Total Fair Value	37,669
Unrealized Losses
Less than 12 Months	(458)
Total Unrealized Losses	(458)
Less than 12 Months Fair Value	109,893
12 Months or More Fair Value	17,060
Total Fair Value	126,953
Less than 12 Months Unrealized Losses	(1,759)
12 Months or More Unrealized Losses	(464)
Total Unrealized Losses	(2,223)
Mortgage-backed securities
Fair Value
Less than 12 Months	45,290	43,152
12 Months or More	2,815
Total Fair Value	48,105	43,152
Unrealized Losses
Less than 12 Months	(643)	(374)
12 Months or More	(80)
Total Unrealized Losses	(723)	(374)
Fair Value
Less than 12 Months	37,669
Total Fair Value	37,669
Unrealized Losses
Less than 12 Months	(458)
Total Unrealized Losses	(458)
U.S. agency collateralized mortgage obligations
Fair Value
Less than 12 Months	6,795	10,613
12 Months or More	5,529	2,407
Total Fair Value	12,324	13,020
Unrealized Losses
Less than 12 Months	(102)	(202)
12 Months or More	(193)	(53)
Total Unrealized Losses	(295)	(255)
U.S. government agency securities
Fair Value
Less than 12 Months	171	6,896
12 Months or More	4,665
Total Fair Value	4,836	6,896
Unrealized Losses
Less than 12 Months	(1)	(56)
12 Months or More	(59)
Total Unrealized Losses	(60)	(56)
Municipal bonds
Fair Value
Less than 12 Months	14,993	17,748
12 Months or More	4,051
Total Fair Value	19,044	17,748
Unrealized Losses
Less than 12 Months	(530)	(389)
12 Months or More	(132)
Total Unrealized Losses	(662)	$ (389)
Corporate bonds
Fair Value
Less than 12 Months	4,975
Total Fair Value	4,975
Unrealized Losses
Less than 12 Months	(25)
Total Unrealized Losses	$ (25)

Investment Securities (Details)

Investment Securities (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2021USD ($)securityitem	Jun. 30, 2021USD ($)item
Variable Interest Entity [Line Items]
Gross realized gains	$ 62
Proceeds from sale of securities	5,008
Held to maturity securities, Amortized cost	$ 38,127
Number of securities temporarily impaired | item	58	42
Number of equity securities | security	1
Equity securities	$ 2,635
Unrealized gain on equity securities	105
Asset Pledged as Collateral
Variable Interest Entity [Line Items]
Pledged investment securities	$ 3,400	$ 3,800

Loans - Major classifications o

Loans - Major classifications of loans (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2020	Jun. 30, 2020
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 458,512	$ 465,629
Unearned loan origination fees	(764)	(820)
Allowance for loan losses	(3,591)	(3,613)	$ (3,585)	$ (3,519)
Net Loans	$ 454,157	$ 461,196
Percentage of loans	100.00%	100.00%
Residential real estate | 1-4 Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 162,822	$ 173,306
Allowance for loan losses	$ (658)	$ (709)	(731)	(682)
Percentage of loans	35.51%	37.22%
Residential real estate | Home equity and HELOCs
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 34,546	$ 37,222
Allowance for loan losses	$ (123)	$ (133)	(150)	(166)
Percentage of loans	7.53%	7.99%
Residential real estate | Construction Residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 10,734	$ 10,841
Allowance for loan losses	$ (386)	$ (487)	(461)	(526)
Percentage of loans	2.34%	2.33%
Commercial real estate | 1 - 4 family investor
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 120,620	$ 120,581
Allowance for loan losses	$ (876)	$ (843)	(859)	(801)
Percentage of loans	26.31%	25.90%
Commercial real estate | Multi-family (five or more)
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 11,367	$ 12,315
Allowance for loan losses	$ (148)	$ (159)	(121)	(123)
Percentage of loans	2.48%	2.64%
Commercial real estate | Commercial non-residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 104,759	$ 96,612
Allowance for loan losses	$ (968)	$ (854)	(780)	(727)
Percentage of loans	22.85%	20.75%
Commercial real estate | Construction and Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 6,474	$ 6,377
Allowance for loan losses	$ (368)	$ (362)
Percentage of loans	1.41%	1.37%
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 4,515	$ 5,145
Allowance for loan losses	$ (49)	$ (51)	(32)	(83)
Percentage of loans	0.98%	1.10%
Commercial | Construction and Land
Loans and Leases Receivable Disclosure [Line Items]
Allowance for loan losses	$ (368)	$ (362)	(436)	(396)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,675	3,230
Allowance for loan losses	$ (15)	$ (15)	$ (15)	$ (15)
Percentage of loans	0.59%	0.70%

Loans - PPP (Details)

Loans - PPP (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2021USD ($)customer	Jun. 30, 2021USD ($)customer	Jun. 30, 2020USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 458,512	$ 465,629
PPP Loans
Loans and Leases Receivable Disclosure [Line Items]
Amount of loan provided	$ 843	$ 1,500
Number of customers | customer	24	44
Small Business Administration, CARES Act, Monetary Relief [Member]
Loans and Leases Receivable Disclosure [Line Items]
Amount of loan provided			$ 49,800
Small Business Administration, CARES Act, Monetary Relief [Member] | Payment Deferral
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 1,800
Mortgage Loan Serviced To Others
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 16,400	$ 18,600
Servicing rights basis points received	25.00%

Loans - Allowance for loan loss

Loans - Allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
Allowance for credit losses:
Beginning balance	$ 3,613	$ 3,519
Recoveries	8
(Recovery) provision for loan losses	(30)	66
Ending Balance	3,591	3,585
Allowance ending balance:
Collectively evaluated for impairment	3,591
Allowance for loan losses	3,591	3,585	$ 3,613
Loans receivable ,Individually evaluated for impairment	4,152
Loans receivable, Collectively evaluated for impairment	305,292
Total Loans	458,512		465,629
Acquired credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	162
Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	148,906
Residential real estate | 1-4 Family
Allowance for credit losses:
Beginning balance	709	682
(Recovery) provision for loan losses	(51)	49
Ending Balance	658	731
Allowance ending balance:
Collectively evaluated for impairment	658		709
Allowance for loan losses	658	731	709
Loans receivable ,Individually evaluated for impairment	1,743		1,907
Loans receivable, Collectively evaluated for impairment	83,773		87,540
Total Loans	162,822		173,306
Residential real estate | 1-4 Family | Acquired credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	139		138
Residential real estate | 1-4 Family | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	77,167		83,721
Residential real estate | Home equity and HELOCs
Allowance for credit losses:
Beginning balance	133	166
Recoveries	7
(Recovery) provision for loan losses	(17)	(16)
Ending Balance	123	150
Allowance ending balance:
Collectively evaluated for impairment	123		133
Allowance for loan losses	123	150	133
Loans receivable ,Individually evaluated for impairment	499		578
Loans receivable, Collectively evaluated for impairment	13,988		14,617
Total Loans	34,546		37,222
Residential real estate | Home equity and HELOCs | Acquired credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	23		23
Residential real estate | Home equity and HELOCs | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	20,036		22,004
Residential real estate | Construction Residential
Allowance for credit losses:
Beginning balance	487	526
(Recovery) provision for loan losses	(101)	(65)
Ending Balance	386	461
Allowance ending balance:
Collectively evaluated for impairment	386		487
Allowance for loan losses	386	461	487
Loans receivable, Collectively evaluated for impairment	8,487		8,582
Total Loans	10,734		10,841
Residential real estate | Construction Residential | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	2,247		2,259
Commercial real estate | 1 - 4 family investor
Allowance for credit losses:
Beginning balance	843	801
(Recovery) provision for loan losses	33	58
Ending Balance	876	859
Allowance ending balance:
Collectively evaluated for impairment	876		843
Allowance for loan losses	876	859	843
Loans receivable ,Individually evaluated for impairment	554		433
Loans receivable, Collectively evaluated for impairment	99,093		98,043
Total Loans	120,620		120,581
Commercial real estate | 1 - 4 family investor | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	20,973		22,105
Commercial real estate | Multi-family (five or more)
Allowance for credit losses:
Beginning balance	159	123
(Recovery) provision for loan losses	(11)	(2)
Ending Balance	148	121
Allowance ending balance:
Collectively evaluated for impairment	148		159
Allowance for loan losses	148	121	159
Loans receivable ,Individually evaluated for impairment	503		176
Loans receivable, Collectively evaluated for impairment	10,781		12,008
Total Loans	11,367		12,315
Commercial real estate | Multi-family (five or more) | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	83		131
Commercial real estate | Commercial non-residential
Allowance for credit losses:
Beginning balance	854	727
(Recovery) provision for loan losses	114	53
Ending Balance	968	780
Allowance ending balance:
Collectively evaluated for impairment	968		854
Allowance for loan losses	968	780	854
Loans receivable ,Individually evaluated for impairment	853		892
Loans receivable, Collectively evaluated for impairment	78,746		68,530
Total Loans	104,759		96,612
Commercial real estate | Commercial non-residential | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	25,160		27,190
Commercial real estate | Construction and Land
Allowance for credit losses:
Beginning balance	362
Ending Balance	368
Allowance ending balance:
Collectively evaluated for impairment	368		362
Allowance for loan losses	368		362
Loans receivable, Collectively evaluated for impairment	6,474		6,377
Total Loans	6,474		6,377
Commercial
Allowance for credit losses:
Beginning balance	51	83
(Recovery) provision for loan losses	(2)	(51)
Ending Balance	49	32
Allowance ending balance:
Collectively evaluated for impairment	49		51
Allowance for loan losses	49	32	51
Loans receivable, Collectively evaluated for impairment	3,421		4,151
Total Loans	4,515		5,145
Commercial | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	1,094		994
Commercial | Construction and Land
Allowance for credit losses:
Beginning balance	362	396
(Recovery) provision for loan losses	6	40
Ending Balance	368	436
Allowance ending balance:
Allowance for loan losses	368	436	362
Consumer
Allowance for credit losses:
Beginning balance	15	15
Recoveries	1
(Recovery) provision for loan losses	(1)
Ending Balance	15	15
Allowance ending balance:
Collectively evaluated for impairment	15		15
Allowance for loan losses	15	$ 15	15
Loans receivable, Collectively evaluated for impairment	529		535
Total Loans	2,675		3,230
Consumer | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	2,146		2,695
Unallocated
Allowance for credit losses:
Beginning balance	$ 3,613
Allowance ending balance:
Collectively evaluated for impairment			3,613
Allowance for loan losses			3,613
Loans receivable ,Individually evaluated for impairment			3,986
Loans receivable, Collectively evaluated for impairment			300,383
Total Loans			465,629
Unallocated | Acquired credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment			161
Unallocated | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment			$ 161,099

Loans - Credit quality indicato

Loans - Credit quality indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 458,512	$ 465,629
Residential and Consumer Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	210,777	224,599
Residential and Consumer Loan | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	206,723	220,362
Residential and Consumer Loan | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	4,054	4,237
Commercial Loan Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	247,735	241,030
Commercial Loan Total | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	243,848	237,556
Commercial Loan Total | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,386	2,410
Commercial Loan Total | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	1,501	1,064
Residential real estate | 1-4 Family
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	162,822	173,306
Residential real estate | Home equity and HELOCs
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	34,546	37,222
Residential real estate | Construction Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	10,734	10,841
Residential real estate | Residential and Consumer Loan | 1-4 Family
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	162,822	173,306
Residential real estate | Residential and Consumer Loan | 1-4 Family | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	159,295	169,532
Residential real estate | Residential and Consumer Loan | 1-4 Family | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	3,527	3,774
Residential real estate | Residential and Consumer Loan | Home equity and HELOCs
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	34,546	37,222
Residential real estate | Residential and Consumer Loan | Home equity and HELOCs | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	34,136	36,877
Residential real estate | Residential and Consumer Loan | Home equity and HELOCs | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	410	345
Residential real estate | Residential and Consumer Loan | Construction Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	10,734	10,841
Residential real estate | Residential and Consumer Loan | Construction Residential | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	10,734	10,841
Commercial real estate | 1 - 4 family investor
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	120,620	120,581
Commercial real estate | 1 - 4 family investor | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	118,090	118,175
Commercial real estate | 1 - 4 family investor | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,054	2,054
Commercial real estate | 1 - 4 family investor | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	476	352
Commercial real estate | Multi-family (five or more)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	11,367	12,315
Commercial real estate | Multi-family (five or more) | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	10,864	12,139
Commercial real estate | Multi-family (five or more) | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	503	176
Commercial real estate | Commercial non-residential
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	104,759	96,612
Commercial real estate | Commercial non-residential | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	103,905	95,720
Commercial real estate | Commercial non-residential | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	332	356
Commercial real estate | Commercial non-residential | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	522	536
Commercial real estate | Construction and Land
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	6,474	6,377
Commercial real estate | Construction and Land | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	6,474	6,377
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	4,515	5,145
Commercial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	4,515	5,145
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,675	3,230
Consumer | Residential and Consumer Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,675	3,230
Consumer | Residential and Consumer Loan | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,558	3,112
Consumer | Residential and Consumer Loan | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 117	$ 118

Loans - Loans Acquired with Det

Loans - Loans Acquired with Deteriorated Credit Quality (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended	12 Months Ended
	Jun. 30, 2020	Sep. 30, 2021	Jun. 30, 2021
Loans
Outstanding principal balance		$ 244	$ 247
Carrying amount		162	161
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning Balance	$ 57	13	53
Accretion	(4)	(4)	(40)
Ending balance	$ 53	$ 9	$ 13

Loans - Loan Delinquencies and

Loans - Loan Delinquencies and Non-accrual Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 4,416		$ 5,015
Current	453,934		460,453
Total Loans	458,512		465,629
Recorded Investment Loans on Non-Accrual	5,555		5,301
Interest income	65	$ 58
30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	2,082		1,953
60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	348		1,546
90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Past Due	1,986		1,516
Acquired credit impaired
Financing Receivable, Past Due [Line Items]
Total Past Due	162		161
Residential real estate | 1-4 Family
Financing Receivable, Past Due [Line Items]
Total Past Due	2,340		3,208
Current	160,343		169,960
Total Loans	162,822		173,306
Recorded Investment Loans on Non-Accrual	3,527		3,774
Residential real estate | 1-4 Family | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	783		1,658
Residential real estate | 1-4 Family | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	293		561
Residential real estate | 1-4 Family | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Past Due	1,264		989
Residential real estate | 1-4 Family | Acquired credit impaired
Financing Receivable, Past Due [Line Items]
Total Past Due	139		138
Residential real estate | Home equity and HELOCs
Financing Receivable, Past Due [Line Items]
Total Past Due	270		288
Current	34,253		36,911
Total Loans	34,546		37,222
Recorded Investment Loans on Non-Accrual	410		345
Residential real estate | Home equity and HELOCs | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	112		58
Residential real estate | Home equity and HELOCs | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	8		150
Residential real estate | Home equity and HELOCs | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Past Due	150		80
Residential real estate | Home equity and HELOCs | Acquired credit impaired
Financing Receivable, Past Due [Line Items]
Total Past Due	23		23
Residential real estate | Construction Residential
Financing Receivable, Past Due [Line Items]
Current	10,734		10,841
Total Loans	10,734		10,841
Commercial real estate | 1 - 4 family investor
Financing Receivable, Past Due [Line Items]
Total Past Due	652		352
Current	119,968		120,229
Total Loans	120,620		120,581
Recorded Investment Loans on Non-Accrual	476		352
Commercial real estate | 1 - 4 family investor | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	252		81
Commercial real estate | 1 - 4 family investor | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Past Due	400		271
Commercial real estate | Multi-family (five or more)
Financing Receivable, Past Due [Line Items]
Total Past Due	503		520
Current	10,864		11,795
Total Loans	11,367		12,315
Recorded Investment Loans on Non-Accrual	503		176
Commercial real estate | Multi-family (five or more) | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	331
Commercial real estate | Multi-family (five or more) | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due			344
Commercial real estate | Multi-family (five or more) | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Past Due	172		176
Commercial real estate | Commercial non-residential
Financing Receivable, Past Due [Line Items]
Total Past Due	584		583
Current	104,175		96,029
Total Loans	104,759		96,612
Recorded Investment Loans on Non-Accrual	522		536
Commercial real estate | Commercial non-residential | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	569		92
Commercial real estate | Commercial non-residential | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	15		491
Commercial real estate | Construction and Land
Financing Receivable, Past Due [Line Items]
Current	6,474		6,377
Total Loans	6,474		6,377
Commercial
Financing Receivable, Past Due [Line Items]
Current	4,515		5,145
Total Loans	4,515		5,145
Consumer
Financing Receivable, Past Due [Line Items]
Total Past Due	67		64
Current	2,608		3,166
Total Loans	2,675		3,230
Recorded Investment Loans on Non-Accrual	117		118
Consumer | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	35		$ 64
Consumer | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 32

Loans - Impaired Loans (Details

Loans - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
Financing Receivable, Impaired [Line Items]
Threshold past due period	90 days
Threshold past due period for larger companies	60 days
Recorded Investment
Recorded Investment, With no related allowance recorded		$ 778
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded		6
Residential real estate | 1-4 Family
Recorded Investment
Recorded Investment, With no related allowance recorded	$ 1,743		$ 1,907
Recorded Investment	1,743		1,907
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	1,800		1,943
Unpaid Principal Balance	1,800		1,943
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	1,802	471
Average Recorded Investment	1,802	471
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded		6
Interest Income Recognized		6
Residential real estate | Home equity and HELOCs
Recorded Investment
Recorded Investment, With no related allowance recorded	499		578
Recorded Investment	499		578
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	499		587
Unpaid Principal Balance	499		587
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	558	686
Average Recorded Investment	558	686
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded	5	5
Interest Income Recognized	5	5
Commercial real estate | 1 - 4 family investor
Recorded Investment
Recorded Investment, With no related allowance recorded	554		433
Recorded Investment	554		433
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded			477
Unpaid Principal Balance	600		477
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	461
Average Recorded Investment	461	778
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded	1
Interest Income Recognized	1	6
Commercial real estate | Multi-family (five or more)
Recorded Investment
Recorded Investment, With no related allowance recorded	503		176
Recorded Investment	503		176
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	513		180
Unpaid Principal Balance	513		180
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	258	185
Average Recorded Investment	258	185
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded		2
Interest Income Recognized		2
Commercial real estate | Commercial non-residential
Recorded Investment
Recorded Investment, With no related allowance recorded	853		892
Recorded Investment	853		892
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	872		900
Unpaid Principal Balance	872		$ 900
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	870	667
Average Recorded Investment	870	667
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded	6	9
Interest Income Recognized	$ 6	$ 9

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2021USD ($)loan	Sep. 30, 2020USD ($)	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)
Financing Receivable, Impaired [Line Items]
Troubled debt restructuring	$ 908,000	$ 935
Interest income on accruing TDR	12	13
Total Loans	458,512		$ 465,629
Impairment on TDR	$ 34	16
Number of contracts | loan	0		0
Small Business Administration, CARES Act, Monetary Relief [Member]
Financing Receivable, Impaired [Line Items]
Amount of loans modified into PPP				$ 49,800
Small Business Administration, CARES Act, Monetary Relief [Member] | Payment Deferral
Financing Receivable, Impaired [Line Items]
Total Loans	$ 1,800
Period of principal and interest deferment	3 months
Acquired credit impaired
Financing Receivable, Impaired [Line Items]
Loans acquired	$ 162	$ 161

Premises and Equipment - Compon

Premises and Equipment - Components (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Gross value	$ 18,247	$ 17,991
Accumulated depreciation	(4,783)	(4,552)
Net book value	13,464	13,439
Land
Property, Plant and Equipment [Line Items]
Gross value	2,581	2,581
Office buildings and improvements
Property, Plant and Equipment [Line Items]
Gross value	13,100	12,932
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Gross value	2,516	2,428
Automobiles
Property, Plant and Equipment [Line Items]
Gross value	$ 50	$ 50

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2019
Premises and Equipment
Depreciation expense	$ 231	$ 309	$ 309

Goodwill and Intangibles - Summ

Goodwill and Intangibles - Summary (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Goodwill
Beginning Balance	$ 4,858	$ 4,858
Ending Balance	4,858	4,858
Core Deposit Intangibles
Beginning Balance	937	1,192
Amortization	(57)	(64)
Ending Balance	$ 880	$ 1,128

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 4,858	$ 4,858	$ 4,858	$ 4,858
Core deposit intangibles	$ 880	1,128	937	$ 1,192
Estimated useful life	10 years
Goodwill impairment	$ 0		$ 0
Aggregate amortization expense	57	$ 64
Audubon Savings Bank
Finite-Lived Intangible Assets [Line Items]
Goodwill	4,900
Core deposit intangibles	1,400
Fidelity Savings and Loan Association
Finite-Lived Intangible Assets [Line Items]
Core deposit intangibles	65
Washington Savings Bank
Finite-Lived Intangible Assets [Line Items]
Core deposit intangibles	$ 197

Deposits - Weighted-average int

Deposits - Weighted-average interest rates (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Deposits.
Non-interest bearing checking	$ 54,963	$ 51,086
Interest bearing checking	102,888	104,214
Money market accounts	150,606	136,719
Savings and club accounts	101,462	100,781
Certificates of deposit	151,285	160,303
Total deposits	$ 561,204	$ 553,103

Advances from Federal Home Lo_3

Advances from Federal Home Loan Bank - Components (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Federal Home Loan Bank, Advances [Line Items]
Total FHLB advances	$ 34,000	$ 41,000
Convertible
Federal Home Loan Bank, Advances [Line Items]
Total FHLB advances	20,000	20,000
Fixed
Federal Home Loan Bank, Advances [Line Items]
Total FHLB advances	$ 14,000	14,000
Mid-term
Federal Home Loan Bank, Advances [Line Items]
Total FHLB advances		$ 7,000

Advances from Federal Home Lo_4

Advances from Federal Home Loan Bank (Details) $ in Thousands	Jul. 20, 2021USD ($)	Sep. 30, 2021USD ($)item	Sep. 30, 2020USD ($)	Jun. 30, 2021USD ($)
Advances from Federal Home Loan Bank
FHLB number of regional banks | item		11
Maximum borrowing capacity with FHLB		$ 290,700		$ 280,800
Loans pledged as collateral		420,900		407,400
Investments		2,300		$ 2,700
Repayment of FHLB advances	$ 7,000	$ 7,000	$ 23,197

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Jun. 30, 2021
Other Commitments [Line Items]
Commitments fixed expiration period	90 days
Commitments to extend credit
Other Commitments [Line Items]
Loan commitments	$ 31,414	$ 35,350
Unfunded commitments under lines of credit
Other Commitments [Line Items]
Loan commitments	64,855	50,583
Standby letters of credit
Other Commitments [Line Items]
Loan commitments	$ 1,000	$ 2,000

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details) $ in Thousands	Sep. 30, 2021USD ($)	Jun. 30, 2021USD ($)
Tier One Leverage, Amount
Leverage capital, actual amount	$ 153,322	$ 152,104
Capital adequacy, amount	32,583	32,203
Well capitalized, amount	$ 40,729	$ 40,254
Tier One Leverage, Ratio
Leverage capital, actual ratio	18.82	18.89
Capital adequacy, ratio	4	4
Well capitalized, ratio	5	5

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Investments available for sale:
Equity securities	$ 2,635
Fair value	127,007	$ 123,335
Mortgage-backed securities
Investments available for sale:
Fair value	50,449	55,064
U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value	14,625	15,433
U.S. government agency securities
Investments available for sale:
Fair value	6,233	6,896
Municipal bonds
Investments available for sale:
Fair value	19,564	19,861
Corporate bonds
Investments available for sale:
Fair value	36,136	26,081
Recurring
Investments available for sale:
Equity securities	2,635
Fair value	129,642
Fair value		123,335
Recurring | Mortgage-backed securities
Investments available for sale:
Fair value	50,449	55,064
Recurring | U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value	14,625	15,433
Recurring | U.S. government agency securities
Investments available for sale:
Fair value	6,233	6,896
Recurring | Municipal bonds
Investments available for sale:
Fair value	19,564	19,861
Recurring | Corporate bonds
Investments available for sale:
Fair value	36,136	26,081
Recurring | Level 1
Investments available for sale:
Equity securities	2,635
Fair value	2,635
Recurring | Level 2
Investments available for sale:
Fair value	127,007
Fair value		123,335
Recurring | Level 2 | Mortgage-backed securities
Investments available for sale:
Fair value	50,449	55,064
Recurring | Level 2 | U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value	14,625	15,433
Recurring | Level 2 | U.S. government agency securities
Investments available for sale:
Fair value	6,233	6,896
Recurring | Level 2 | Municipal bonds
Investments available for sale:
Fair value	19,564	19,861
Recurring | Level 2 | Corporate bonds
Investments available for sale:
Fair value	$ 36,136	$ 26,081

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Non-Recurring Basis (Details) - USD ($)	Sep. 30, 2021	Jun. 30, 2021
Assets at fair value
Total assets at fair value	$ 0
Reserves on impaired loans	$ 0	$ 0
Non-recurring basis
Assets at fair value
Total assets at fair value		75,000
Non-recurring basis | Other real estate owned
Assets at fair value
Total assets at fair value		75,000
Non-recurring basis | Level 3
Assets at fair value
Total assets at fair value		75,000
Non-recurring basis | Level 3 | Other real estate owned
Assets at fair value
Total assets at fair value		$ 75,000

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Quantitative Information (Details) $ in Thousands	Sep. 30, 2021USD ($)	Jun. 30, 2021USD ($)
Assets at fair value
Fair value estimate	$ 0
Non-recurring basis
Assets at fair value
Fair value estimate		$ 75
Non-recurring basis | Level 3
Assets at fair value
Fair value estimate		75
Non-recurring basis | Other real estate owned
Assets at fair value
Fair value estimate		75
Non-recurring basis | Other real estate owned | Level 3
Assets at fair value
Fair value estimate		75
Non-recurring basis | Other real estate owned | Level 3 | Liquidation expenses
Assets at fair value
Fair value estimate		$ 75
Measurement input		0

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Carrying value and fair value of financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Financial assets:
Loans receivable, net	$ 454,157	$ 461,196
Held to maturity securities, Amortized cost	38,127
Financial liabilities:
Certificates of deposit	151,285	160,303
Advances from Federal Home Loan Bank	34,000	41,000
Level 2
Financial assets:
Held to maturity securities, Amortized cost	37,669
Level 3
Financial assets:
Loans receivable, net	465,506	472,292
Financial liabilities:
Certificates of deposit	152,550	161,057
Advances from Federal Home Loan Bank	34,993	42,098
Carrying Value
Financial assets:
Loans receivable, net	454,157	461,196
Held to maturity securities, Amortized cost	38,127
Financial liabilities:
Certificates of deposit	151,285	160,303
Advances from Federal Home Loan Bank	34,000	41,000
Fair Value
Financial assets:
Loans receivable, net	465,506	472,292
Held to maturity securities, Amortized cost	37,669
Financial liabilities:
Certificates of deposit	152,550	161,057
Advances from Federal Home Loan Bank	$ 34,993	$ 42,098

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
Assets and Liabilities, Lessee [Abstract]
Operating lease right-of-use assets	$ 4,819		$ 2,108
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Interest Receivable and Other Assets		Interest Receivable and Other Assets
Operating Lease, Liability [Abstract]
Operating lease liabilities	$ 5,036		$ 2,307
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts Payable and Accrued Liabilities		Accounts Payable and Accrued Liabilities
ROU asset and lease liability	$ 2,800
Weighted average remaining lease term - Operating leases	16 years 6 months		9 years 9 months 18 days
Weighted average discount rate - Operating leases	2.21%		1.76%
Net lease costs	$ 114	$ 85

Leases - Summary of maturities

Leases - Summary of maturities of the Company's lease liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Lessee, Operating Lease, Liability, Payment, Due, Rolling Maturity [Abstract]
2022	$ 509
2023	520
2024	524
2025	461
2026	266
Thereafter	3,930
Total future minimum lease payments	6,210
Amounts representing interest	(1,174)
Present value of net future minimum lease payments	$ 5,036	$ 2,307