William Penn Bancorporation (WMPN) 10-Q 5 May 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2022	May 04, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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		15,033,466
Entity Central Index Key	0001828376
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
ASSETS
Cash and due from banks	$ 13,221	$ 11,102
Interest bearing deposits with other banks	45,025	157,620
Total cash and cash equivalents	58,246	168,722
Interest-bearing time deposits	1,100	1,850
Securities available for sale	169,613	123,335
Securities held to maturity, fair value of $95,102 and $0, as of March 31, 2022 and June 30, 2021, respectively	104,227
Equity securities	2,404
Loans receivable, net of allowance for loan losses of $3,479 and $3,613 as of March 31, 2022 and June 30, 2021, respectively	457,178	461,196
Premises and equipment, net	13,361	13,439
Regulatory stock, at cost	1,963	2,954
Deferred income taxes	6,019	3,574
Bank-owned life insurance	38,006	35,231
Goodwill	4,858	4,858
Intangible assets	768	937
Accrued interest receivable and other assets	11,238	6,312
TOTAL ASSETS	868,981	822,408
LIABILITIES
Deposits	621,404	553,103
Advances from Federal Home Loan Bank	20,000	41,000
Advances from borrowers for taxes and insurance	3,163	3,731
Accrued interest payable and other liabilities	18,134	7,648
TOTAL LIABILITIES	662,701	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; 15,147,766 shares issued and outstanding at March 31, 2022 and 15,170,566 shares issued and outstanding at June 30, 2021	151	152
Additional paid-in capital	168,078	168,349
Unearned common stock held by employee stock ownership plan	(9,700)	(10,004)
Retained earnings	56,936	58,493
Accumulated other comprehensive loss	(9,185)	(64)
TOTAL WILLIAM PENN BANCORPORATION STOCKHOLDERS' EQUITY	206,280	216,926
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 868,981	$ 822,408

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
Fair value	$ 95,102	$ 0
Allowance for loan losses	$ 3,479	$ 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)	15,147,766	15,170,566
Common stock, outstanding (in shares)	15,147,766	15,170,566

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
INTEREST INCOME
Loans receivable, including fees	$ 5,212	$ 5,701	$ 15,535	$ 17,827
Securities	1,329	449	3,026	1,574
Other	43	80	189	270
Total interest income	6,584	6,230	18,750	19,671
INTEREST EXPENSE
Deposits	424	652	1,329	2,651
Borrowings	180	262	649	888
Total interest expense	604	914	1,978	3,539
Net interest income	5,980	5,316	16,772	16,132
Provision (recovery) for loan losses	10	15	(20)	113
NET INTEREST INCOME AFTER PROVISION (RECOVERY) FOR LOAN LOSSES	5,970	5,301	16,792	16,019
OTHER INCOME
Service fees	196	199	652	568
Net gain on sale of other real estate owned		160		206
Net gain on sale of securities		35	62	5
Earnings on bank-owned life insurance	259	110	775	320
Unrealized loss on equity securities	(236)		(96)
Net gain (loss) on disposition of premises and equipment	15	(34)	15	435
Other	81	65	276	241
Total other income	315	535	1,684	1,775
OTHER EXPENSES
Salaries and employee benefits	2,932	2,490	8,440	7,570
Occupancy and equipment	836	813	2,237	2,227
Data processing	451	419	1,291	1,350
Professional fees	289	193	778	598
Amortization of intangible assets	56	64	169	192
Gain on lease abandonment	(117)		(117)
Prepayment penalties	209		273	161
Other	645	517	1,936	1,794
Total other expense	5,301	4,496	15,007	13,892
Income before income taxes	984	1,340	3,469	3,902
Income tax expense	160	273	310	789
NET INCOME	$ 824	$ 1,067	$ 3,159	$ 3,113
Basic earnings per share	$ 0.06	$ 0.07	$ 0.22	$ 0.21
Diluted earnings per share	$ 0.06	$ 0.07	$ 0.22	$ 0.21

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Net income	$ 824	$ 1,067	$ 3,159	$ 3,113
Other comprehensive loss:
Changes in net unrealized loss on securities available for sale	(10,408)	(2,448)	(11,693)	(1,620)
Tax effect	2,332	551	2,620	364
Reclassification adjustment for gain recognized in net income		(35)	(62)	(5)
Tax effect		8	14	1
Other comprehensive loss, net of tax	(8,076)	(1,924)	(9,121)	(1,260)
Comprehensive (loss) income	$ (7,252)	$ (857)	$ (5,962)	$ 1,853

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
Regular cash dividend paid					(1,886)		(1,886)
Other comprehensive income (loss)						357	357
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, 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							3,113
Other comprehensive income (loss)							(1,260)
Ending balance at Mar. 31, 2021	$ 152	168,349		$ (10,104)	57,827	(1,184)	215,040
Ending balance (in shares) at Mar. 31, 2021	15,170,566
Beginning balance at Sep. 30, 2020	$ 467	42,932	(3,710)		55,384	433	95,506
Beginning balance (in shares) at Sep. 30, 2020	14,628,530
Increase (Decrease) in Stockholders' Equity
Net income					1,376		1,376
Other comprehensive income (loss)						307	307
Ending balance at Dec. 31, 2020	$ 467	42,932	(3,710)		56,760	740	97,189
Ending balance (in shares) at Dec. 31, 2020	14,628,530
Increase (Decrease) in Stockholders' Equity
Net income					1,067		1,067
Other comprehensive income (loss)						(1,924)	(1,924)
ESOP shares committed to be released				8			8
Purchase of treasury stock			(49)				(49)
Purchase of treasury stock (in shares)	(5,156)
William Penn, MHC shares sold in public offering, net of offering costs	$ (315)	129,176					128,861
William Penn, MHC shares sold in public offering, net of offering costs (in shares)	12,640,035
Retirement of MHC shares (in shares)	(12,092,669)
Fractional shares and other adjustments resulting from conversion of existing shares at 3.2585 exchange ratio (in shares)	(174)
Treasury stock retired		(3,759)	$ 3,759
Purchase of unearned common stock held by employee stock ownership plan				(10,112)			(10,112)
Ending balance at Mar. 31, 2021	$ 152	168,349		(10,104)	57,827	(1,184)	215,040
Ending balance (in shares) at Mar. 31, 2021	15,170,566
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
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							$ 3,159
Other comprehensive income (loss)							(9,121)
Ending balance at Mar. 31, 2022	$ 151	168,078		(9,700)	56,936	(9,185)	$ 206,280
Ending balance (in shares) at Mar. 31, 2022	15,147,766						15,147,766
Beginning balance at Sep. 30, 2021	$ 152	168,354		(9,901)	55,102	(662)	$ 213,045
Beginning balance (in shares) at Sep. 30, 2021	15,170,566
Increase (Decrease) in Stockholders' Equity
Net income					1,175		1,175
Other comprehensive income (loss)						(447)	(447)
ESOP shares committed to be released		6		101			107
Ending balance at Dec. 31, 2021	$ 152	168,360		(9,800)	56,277	(1,109)	213,880
Ending balance (in shares) at Dec. 31, 2021	15,170,566
Increase (Decrease) in Stockholders' Equity
Net income					824		824
Regular cash dividend paid					(165)		(165)
Other comprehensive income (loss)						(8,076)	(8,076)
ESOP shares committed to be released		10		100			110
Retirement of MHC shares	$ (1)	(292)					(293)
Retirement of MHC shares (in shares)	(22,800)
Ending balance at Mar. 31, 2022	$ 151	$ 168,078		$ (9,700)	$ 56,936	$ (9,185)	$ 206,280
Ending balance (in shares) at Mar. 31, 2022	15,147,766						15,147,766

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals)	3 Months Ended
	Mar. 31, 2022$ / shares	Sep. 30, 2021$ / shares	Sep. 30, 2020$ / shares
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Dividends paid (in dollars per share)	$ 0.03		$ 0.13
Special dividends paid (in dollars per share)		$ 0.30

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net income	$ 3,159	$ 3,113
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
(Recovery) provision for loan losses	(20)	113
Depreciation expense	722	757
Other accretion, net	(810)	(1,779)
Deferred income taxes	210	1,101
Gain on lease abandonment	(117)
Net gain on disposition of premises and equipment	(15)	(435)
Net gain on sale of other real estate owned		(206)
Amortization of core deposit intangibles	169	192
Amortization of ESOP	325	8
Net gain on sale of securities	(62)	(5)
Unrealized loss on equity securities	96
Earnings on bank-owned life insurance	(775)	(320)
Decrease in pension liabilities		(2,735)
Other, net	683	(689)
Net cash provided by (used in) operating activities	3,565	(885)
Securities available for sale:
Purchases	(68,068)	(59,840)
Maturities, calls and principal paydowns	9,635	25,642
Proceeds from sale of securities	5,008	12,365
Securities held to maturity:
Purchases	(106,967)
Maturities, calls and principal paydowns	2,723
Equity securities:
Purchases	(2,500)
Net decrease in loans receivable	4,971	34,134
Interest bearing time deposits:
Purchases		(500)
Maturities and principal paydowns	750	750
Purchase of bank-owned life insurance	(2,000)
Regulatory stock purchases	(1)
Regulatory stock redemptions	992	1,175
Proceeds from sale of other real estate owned		367
Purchases of premises and equipment, net	(649)	(757)
Proceeds from the sale of premises and equipment	20	2,661
Net cash (used in) provided by investing activities	(156,086)	15,997
Cash flows from financing activities
Net increase (decrease) in deposits	68,622	(10,954)
Repayment of borrowed funds	(21,000)	(23,197)
Purchase of unearned common stock held by employee stock ownership plan		(10,112)
Issuance of common stock funded by stock subscriptions		128,861
Purchase of treasury stock		(49)
Repurchase of common stock	(293)
Decrease in advances from borrowers for taxes and insurance	(568)	(1,133)
Cash dividends	(4,716)	(1,886)
Net cash provided by financing activities	42,045	81,530
Net (decrease) increase in cash and cash equivalents	(110,476)	96,642
Cash and cash equivalents - beginning	168,722	82,915
Cash and cash equivalents - ending	58,246	179,557
Supplementary cash flows information
Interest paid	2,359	3,627
Income tax (refunds) payments	(666)	400
Operating lease right-of-use asset recorded	5,202	1,157
Operating lease liabilities recorded	5,202	1,157
Unsettled purchases of securities available for sale	$ 4,972
Premises transferred to held for sale		3,199
Transfer of loans to other real estate owned		$ 161

Nature of Operations

Nature of Operations	9 Months Ended
	Mar. 31, 2022
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 included in this report 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 thirteen full-service branch offices in Bucks County and Philadelphia, Pennsylvania, and Burlington, Camden, and Mercer 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	9 Months Ended
	Mar. 31, 2022
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 March 31, 2022, WPSLA held $264.8 million of the Bank’s $276.2 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 and nine months ended March 31, 2022 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 March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures

Earnings Per Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2022
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 and nine months ended March 31, 2022 and 2021. 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 $824 thousand and $3.2 million for the three and nine months ended March 31, 2022, respectively, and $1.1 million and $3.1 million for the three and nine months ended March 31, 2021, respectively, were used as the numerators. 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 ​ Nine Months Ended ​ ​ ​ March 31, ​ March 31, ​ (Dollars in thousands, except share and per share amounts) ​ 2022 ​ 2021 ​ 2022 ​ 2021 ​ Weighted-average common shares and common stock equivalents used to calculate basic and diluted earnings per share ​ ​ 14,318,839 ​ ​ 14,613,210 ​ ​ 14,310,484 ​ ​ 14,623,497 ​ Net income ​ $ 824 ​ $ 1,067 ​ $ 3,159 ​ $ 3,113 ​ Basic and diluted earnings per share ​ $ 0.06 ​ $ 0.07 ​ $ 0.22 ​ $ 0.21 ​ ​

Changes in and Reclassification

Changes in and Reclassifications Out of Accumulated Other Comprehensive (Loss) Income	9 Months Ended
	Mar. 31, 2022
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 and nine months ended March 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ Gains on Securities ​ ​ Available for Sale Accumulated Other Comprehensive (Loss) Income (1) ​ 2022 ​ 2021 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 Other comprehensive (loss) income before reclassifications ​ (447) ​ ​ 284 Amounts reclassified from accumulated other comprehensive (loss) income ​ — ​ ​ 23 Period change ​ (447) ​ 307 Balance at December 31, ​ $ (1,109) ​ $ 740 Other comprehensive loss before reclassifications ​ ​ (8,076) ​ ​ (1,897) Amounts reclassified from accumulated other comprehensive (loss) income ​ ​ — ​ ​ (27) Period change ​ ​ (8,076) ​ ​ (1,924) Balance at March 31, ​ $ (9,185) ​ $ (1,184) ​ (1) All amounts are net of tax. Related income tax expense is calculated using an income tax rate approximating 22.4%. ​ ​ ​ The following tables present reclassifications out of AOCI by component for the three and nine months ended March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Amounts Reclassified from Accumulated ​ ​ ​ ​ Other Comprehensive (Loss) Income (1) ​ ​ Details about Accumulated Other Comprehensive ​ Three Months Ended March 31, ​ Affected Line Item in the (Loss) Income Components 2022 ​ 2021 Consolidated Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ ​ Net securities gains reclassified into net income ​ $ — ​ $ 35 ​ Net gain on sale of securities Related income tax expense ​ ​ — ​ ​ (8) Income tax expense ​ ​ $ — ​ $ 27 ​ ​ (1) Amounts in parenthesis indicate debits. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Amounts Reclassified from Accumulated ​ ​ ​ ​ Other Comprehensive (Loss) Income (2) ​ ​ Details about Accumulated Other Comprehensive ​ Nine Months Ended March 31, ​ Affected Line Item in the (Loss) Income Components 2022 ​ 2021 Consolidated Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ Net securities gains reclassified into net income ​ $ 62 ​ $ 5 ​ Net gain on sale of securities Related income tax expense ​ ​ (14) ​ ​ (1) ​ Income tax expense ​ ​ $ 48 ​ $ 4 ​ ​ (2) Amounts in parenthesis indicate debits.

Investment Securities

Investment Securities	9 Months Ended
	Mar. 31, 2022
Investment Securities
Investment Securities	Note 5 – Investment Securities Debt Securities The amortized cost, gross unrealized gains and losses, and fair value of investments in debt securities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value Available For Sale: ​ Mortgage-backed securities ​ $ 107,948 ​ $ — ​ $ (7,431) ​ $ 100,517 U.S. agency collateralized mortgage obligations ​ ​ 11,792 ​ ​ — ​ ​ (1,040) ​ ​ 10,752 U.S. government agency securities ​ ​ 5,730 ​ ​ — ​ ​ (46) ​ ​ 5,684 Municipal bonds ​ ​ 20,180 ​ ​ — ​ ​ (2,724) ​ ​ 17,456 Corporate bonds ​ ​ 35,800 ​ ​ 209 ​ ​ (805) ​ ​ 35,204 Total Available For Sale ​ $ 181,450 ​ $ 209 ​ $ (12,046) ​ $ 169,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held To Maturity: ​ Mortgage-backed securities ​ $ 104,227 ​ $ — ​ $ (9,125) ​ $ 95,102 Total Held To Maturity ​ $ 104,227 ​ $ — ​ $ (9,125) ​ $ 95,102 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 nine months ended March 31, 2022. There were no sales of securities available for sale during the three months ended March 31, 2022. The Company recognized $35 thousand of gross gains on the sale of $4.5 million of investment securities available for sale during the three months ended March 31, 2021. The Company recognized $58 thousand of gross gains and $53 thousand of gross losses on the sale of $12.4 million of investment securities during the nine months ended March 31, 2021. 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 may be called or prepaid with or without penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ March 31, 2022 ​ ​ 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 ​ 49 ​ 48 ​ — ​ — Due after five years through ten years ​ 38,085 ​ 37,416 ​ — ​ — Due after ten years ​ ​ 143,316 ​ ​ 132,149 ​ ​ 104,227 ​ ​ 95,102 ​ ​ $ 181,450 ​ $ 169,613 ​ $ 104,227 ​ $ 95,102 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ 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 $ 87,009 $ (6,472) $ 8,536 $ (959) $ 95,545 $ (7,431) U.S. agency collateralized mortgage obligations 3,200 (370) 7,552 ​ (670) 10,752 (1,040) U.S. government agency securities 1,280 (7) 4,404 (39) 5,684 (46) Municipal bonds 8,214 (1,189) 9,242 (1,535) 17,456 (2,724) Corporate bonds ​ 20,245 ​ (805) ​ — ​ — ​ 20,245 ​ (805) ​ ​ ​ 119,948 ​ ​ (8,843) ​ ​ 29,734 ​ ​ (3,203) ​ ​ 149,682 ​ ​ (12,046) Held To Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ 95,102 ​ (9,125) ​ — ​ — ​ ​ 95,102 ​ (9,125) ​ ​ 95,102 ​ (9,125) ​ — ​ — ​ 95,102 ​ (9,125) Total Temporarily Impaired Securities $ 215,050 $ (17,968) $ 29,734 $ (3,203) $ 244,784 $ (21,171) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 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 March 31, 2022 and June 30, 2021. There were 104 investment securities that were temporarily impaired at March 31, 2022 and 42 investment securities that were temporarily impaired at June 30, 2021. At March 31, 2022 and June 30, 2021, $2.5 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 $2.4 million as of March 31, 2022. During the three and nine months ended March 31, 2022, the Company recorded $236 thousand and $96 thousand, respectively, of unrealized losses, which were recorded in Unrealized loss on equity securities

Loans

Loans	9 Months Ended
	Mar. 31, 2022
Loans
Loans	Note 6 – Loans Major classifications of loans at March 31, 2022 and June 30, 2021 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ June 30, ​ ​ 2022 ​ 2021 (Dollars in thousands) Amount Percent ​ Amount Percent ​ Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family $ 151,435 32.82 % $ 173,306 37.22 % Home equity and HELOCs ​ 32,886 ​ 7.13 ​ 37,222 ​ 7.99 Construction -residential ​ 10,917 ​ 2.36 ​ 10,841 ​ 2.33 ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ 102,857 ​ 22.29 ​ ​ 120,581 ​ 25.90 ​ Multi-family (five or more) ​ 12,417 ​ 2.69 ​ 12,315 ​ 2.64 ​ Commercial non-residential ​ 138,280 ​ 29.97 ​ 96,612 ​ 20.75 ​ Construction and land ​ ​ 4,979 ​ 1.08 ​ ​ 6,377 ​ 1.37 ​ Commercial ​ 5,291 ​ 1.15 ​ 5,145 ​ 1.10 ​ Consumer loans ​ 2,362 ​ 0.51 ​ 3,230 ​ 0.70 ​ Total Loans ​ 461,424 ​ 100.00 % 465,629 ​ 100.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unearned loan origination fees ​ (767) ​ ​ (820) ​ ​ ​ Allowance for loan losses ​ (3,479) ​ ​ (3,613) ​ ​ ​ Net Loans ​ $ 457,178 ​ ​ $ 461,196 ​ ​ ​ ​ As of March 31, 2022 and June 30, 2021, the Bank had $21 thousand and $1.5 million of outstanding Paycheck Protection Program (PPP) loans to one 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. 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 $14.8 million and $18.6 million at March 31, 2022 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. losses which may occur within the loan category since the total loan loss allowance is a valuation allocation applicable to the entire loan portfolio. The Company generally charges-off the collateral or discounted cash flow deficiency on all loans at 90 days past due. 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 $3.5 million and $3.6 million adequate to cover loan losses inherent in the loan portfolio at both March 31, 2022 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 March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 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 ​ $ 605 ​ $ 109 ​ $ 326 ​ $ 742 ​ $ 116 ​ $ 1,320 ​ $ 265 ​ $ 31 ​ $ 50 ​ $ 3,564 Charge-offs ​ (73) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (23) ​ ​ (96) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ 1 Provision (recovery) ​ ​ 50 ​ ​ 19 ​ ​ 23 ​ ​ (113) ​ ​ 6 ​ ​ 58 ​ ​ (79) ​ ​ 24 ​ ​ 22 ​ ​ 10 Ending Balance ​ $ 582 ​ $ 128 ​ $ 349 ​ $ 629 ​ $ 122 ​ $ 1,378 ​ $ 186 ​ $ 55 ​ $ 50 ​ $ 3,479 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 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 ​ $ 766 ​ $ 130 ​ $ 463 ​ $ 835 ​ $ 161 ​ $ 851 ​ $ 334 ​ $ 32 ​ $ 15 ​ $ 3,587 Charge-offs ​ (3) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (3) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Provision (recovery) ​ (48) ​ 7 ​ 41 ​ 1 ​ 11 ​ (9) ​ 15 ​ (3) ​ — ​ 15 Ending Balance ​ $ 715 ​ $ 137 ​ $ 504 ​ $ 836 ​ $ 172 ​ $ 842 ​ $ 349 ​ $ 29 ​ $ 15 ​ $ 3,599 ​ The following table presents by portfolio segment, the changes in the allowance for loan losses for the nine months ended March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 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 ​ (88) ​ ​ — ​ ​ — ​ ​ (55) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (23) ​ ​ (166) Recoveries ​ ​ — ​ ​ 8 ​ ​ — ​ ​ 42 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ 52 Provision (recovery) ​ ​ (39) ​ ​ (13) ​ ​ (138) ​ ​ (201) ​ ​ (37) ​ ​ 524 ​ ​ (176) ​ ​ 4 ​ ​ 56 ​ ​ (20) Ending Balance ​ $ 582 ​ $ 128 ​ $ 349 ​ $ 629 ​ $ 122 ​ $ 1,378 ​ $ 186 ​ $ 55 ​ $ 50 ​ $ 3,479 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 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 ​ $ 682 ​ $ 166 ​ $ 526 ​ $ 801 ​ $ 123 ​ $ 727 ​ $ 396 ​ $ 83 ​ $ 15 ​ $ 3,519 Charge-offs ​ (3) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (30) ​ (33) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Provision (recovery) ​ 36 ​ (29) ​ (22) ​ 35 ​ 49 ​ 115 ​ (47) ​ (54) ​ 30 ​ 113 Ending Balance ​ $ 715 ​ $ 137 ​ $ 504 ​ $ 836 ​ $ 172 ​ $ 842 ​ $ 349 ​ $ 29 ​ $ 15 ​ $ 3,599 The following tables present the allowance for loan losses and recorded investment by loan portfolio classification as March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 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 ​ 582 ​ 128 ​ 349 ​ 629 ​ 122 ​ 1,378 ​ 186 ​ 55 ​ 50 ​ 3,479 Total allowance ​ $ 582 ​ $ 128 ​ $ 349 ​ $ 629 ​ $ 122 ​ $ 1,378 ​ $ 186 ​ $ 55 ​ $ 50 ​ $ 3,479 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 3,435 ​ $ 451 ​ $ — ​ $ 183 ​ $ 470 ​ $ 1,239 ​ $ — ​ $ — ​ $ — ​ $ 5,778 Collectively evaluated for impairment ​ 79,242 ​ 16,344 ​ 10,387 ​ 85,253 ​ 11,947 ​ 115,767 ​ 4,979 ​ 4,431 ​ 528 ​ 328,878 Acquired non-credit impaired loans (1) ​ 68,619 ​ 16,068 ​ 530 ​ 17,421 ​ — ​ 21,274 ​ — ​ 860 ​ 1,834 ​ 126,606 Acquired credit impaired loans (2) ​ 139 ​ 23 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 162 Total portfolio ​ $ 151,435 ​ $ 32,886 ​ $ 10,917 ​ $ 102,857 ​ $ 12,417 ​ $ 138,280 ​ $ 4,979 ​ $ 5,291 ​ $ 2,362 ​ $ 461,424 (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 and nine months ended March 31, 2022, 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. Specifically, we experienced significant growth in our commercial non-residential real estate portfolio and a corresponding increase in the provision for loan losses for this portfolio. The overall decrease in the allowance and provision credit during the nine months ended March 31, 2022 can be primarily attributed to an improving economic outlook. 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 then-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 March 31, 2022 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 March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ investor ​ Multi-family ​ Non-residential ​ and land ​ Commercial ​ Total Pass $ 101,185 ​ $ 11,947 $ 137,040 $ 4,979 $ 5,291 $ 260,442 Special Mention ​ ​ 1,561 ​ ​ — ​ ​ 311 ​ ​ — ​ ​ — ​ ​ 1,872 Substandard ​ ​ 111 ​ ​ 470 ​ ​ 929 ​ ​ — ​ ​ — ​ ​ 1,510 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending Balance ​ $ 102,857 ​ $ 12,417 ​ $ 138,280 ​ $ 4,979 ​ $ 5,291 ​ $ 263,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential Real Estate and Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit Risk Internally Assigned ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family HELOCs Construction Consumer Total Performing $ 146,813 $ 32,570 $ 10,917 $ 2,239 $ 192,539 Non-performing ​ ​ 4,622 ​ ​ 316 ​ — ​ 123 ​ 5,061 ​ ​ $ 151,435 ​ $ 32,886 ​ $ 10,917 ​ $ 2,362 ​ $ 197,600 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 March 31, 2022 and June 30, 2021, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) March 31, 2022 June 30, 2021 Outstanding principal balance ​ $ 236 ​ $ 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 ​ (12) Balance, March 31, 2022 ​ $ 1 ​ Loan Delinquencies and Non-accrual Loans Following are tables which include an aging analysis of the recorded investment of past due loans as of March 31, 2022 and June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aged Analysis of Past Due and Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ As of March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $ 1,098 $ 197 $ 2,601 $ 3,896 $ 139 $ 147,400 $ 151,435 $ — $ 4,622 Home equity and HELOCs ​ ​ 95 ​ ​ 16 ​ ​ 205 ​ ​ 316 ​ ​ 23 ​ ​ 32,547 ​ ​ 32,886 ​ ​ — ​ ​ 316 Construction - residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10,917 ​ ​ 10,917 ​ ​ — ​ ​ — Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 102,857 ​ ​ 102,857 ​ ​ — ​ ​ 111 Multi-family ​ ​ — ​ ​ — ​ ​ 165 ​ ​ 165 ​ ​ — ​ ​ 12,252 ​ ​ 12,417 ​ ​ — ​ ​ 470 Commercial non-residential ​ ​ 1,145 ​ ​ — ​ ​ — ​ ​ 1,145 ​ ​ — ​ ​ 137,135 ​ ​ 138,280 ​ ​ — ​ ​ 894 Construction and land ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,979 ​ ​ 4,979 ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,291 ​ ​ 5,291 ​ ​ — ​ ​ — Consumer ​ ​ — ​ ​ 32 ​ ​ 6 ​ ​ 38 ​ ​ — ​ ​ 2,324 ​ ​ 2,362 ​ ​ — ​ ​ 123 Total ​ $ 2,338 ​ $ 245 ​ $ 2,977 ​ $ 5,560 ​ $ 162 ​ $ 455,702 ​ $ 461,424 ​ $ — ​ $ 6,536 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $76 thousand, $229 thousand, $8 thousand, and $71 thousand, respectively, during the three and nine months ended March 31, 2022 and 2021, 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 March 31, 2022 and June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (Dollars in thousands) Investment Balance Allowance With no related allowance recorded: ​ ​ ​ 1 - 4 family residential real estate ​ $ 3,435 ​ $ 3,598 ​ $ — Home equity and HELOCs ​ 451 ​ 451 ​ — Construction residential ​ — ​ — ​ — 1 - 4 family investor commercial real estate ​ ​ 183 ​ ​ 192 ​ ​ — Multi-family ​ ​ 470 ​ ​ 492 ​ ​ — Commercial non-residential ​ 1,239 ​ 1,287 ​ — 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 ​ $ 3,435 ​ $ 3,598 ​ $ — Home equity and HELOCs ​ 451 ​ 451 ​ — Construction residential ​ — ​ — ​ — 1 - 4 family investor commercial real estate ​ ​ 183 ​ ​ 192 ​ ​ — Multi-family ​ 470 ​ 492 ​ — Commercial non-residential ​ 1,239 ​ 1,287 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ The impaired loans table above includes accruing troubled debt restructurings (“TDRs”) in the amount of $772 thousand that are performing in accordance with their modified terms. The Company recognized $10 thousand and $33 thousand of interest income on accruing TDRs during the three and nine months ended March 31, 2022, respectively. 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 $964 thousand that are performing in accordance with their modified terms. 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 and nine months ended March 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ Three Months Ended ​ Nine Months Ended ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income (Dollars in thousands) Investment Recognized Investment Recognized With no related allowance recorded: ​ ​ ​ ​ 1-4 family residential real estate ​ $ 3,042 ​ $ — ​ $ 2,301 ​ $ — Home equity and HELOCs ​ 445 ​ 4 ​ 491 ​ 13 Construction residential ​ — ​ — ​ — ​ — 1-4 family investor commercial real estate ​ ​ 207 ​ ​ 1 ​ ​ 340 ​ ​ 3 Multi-family ​ 474 ​ — ​ 394 ​ — Commercial non-residential ​ 1,249 ​ 6 ​ 1,023 ​ 17 Construction and land ​ — ​ — ​ — ​ — Commercial ​ 5 ​ — ​ 2 ​ — 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 ​ $ 3,042 ​ $ — ​ $ 2,301 ​ $ — Home equity and HELOCs ​ 445 ​ 4 ​ 491 ​ 13 Construction residential ​ — ​ — ​ — ​ — 1-4 family investor commercial real estate ​ ​ 207 ​ ​ 1 ​ ​ 340 ​ ​ 3 Multi-family ​ 474 ​ — ​ 394 ​ — Commercial non-residential ​ 1,249 ​ 6 ​ 1,023 ​ 17 Construction and land ​ — ​ — ​ — ​ — Commercial ​ 5 ​ — ​ 2 ​ — Consumer ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Three Months Ended ​ Nine Months Ended ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income (Dollars in thousands) Investment Recognized Investment Recognized With no related allowance recorded: ​ ​ ​ ​ 1-4 family residential real estate ​ $ 1,885 ​ $ — ​ $ 1,465 ​ $ 9 Home equity and HELOCs ​ 626 ​ 5 ​ 643 ​ 15 Construction residential ​ — ​ — ​ — ​ — 1-4 family investor commercial real estate ​ ​ 324 ​ ​ 1 ​ ​ 324 ​ ​ 4 Multi-family ​ 182 ​ — ​ 183 ​ — Commercial non-residential ​ 1,059 ​ 8 ​ 897 ​ 26 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 ​ $ 1,885 ​ $ — ​ $ 1,465 ​ $ 9 Home equity and HELOCs ​ 626 ​ 5 ​ 643 ​ 15 Construction residential ​ — ​ — ​ — ​ — 1-4 family investor commercial real estate ​ ​ 324 ​ ​ 1 ​ ​ 324 ​ ​ 4 Multi-family ​ 182 ​ — ​ 183 ​ — Commercial non-residential ​ 1,059 ​ 8 ​ 897 ​ 26 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 and nine months ended March 31, 2022, had impaired loans been current according to their original terms, amounted to $55 thousand and $128 thousand, respectively. Interest income that would have been recorded for the three and nine months ended March 31, 2021, had impaired loans been current according to their original terms, amounted to $50 thousand and $150 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. 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. Following January 1, 2022, this provision of the CARES Act is no longer in effect. 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 the loans on deferral and, as of March 31, 2022, no loans remain on deferral under the CARES Act. During the nine months ended March 31, 2022 and 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 nine months ended March 31, 2022 and 2021.

Premises and Equipment

Premises and Equipment	9 Months Ended
	Mar. 31, 2022
Premises and Equipment
Premises and Equipment	Note 7 – Premises and Equipment The components of premises and equipment are as follows as of March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ June 30, (Dollars in thousands) ​ 2022 ​ 2021 Land ​ $ 2,581 ​ $ 2,581 Office buildings and improvements ​ 13,346 ​ 12,932 Furniture, fixtures and equipment ​ 2,606 ​ 2,428 Automobiles ​ 58 ​ 50 ​ ​ 18,591 ​ 17,991 ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ (5,230) ​ (4,552) ​ ​ $ 13,361 ​ $ 13,439 ​ Depreciation expense amounted to $252 thousand and $722 thousand for the three and nine months ended March 31, 2022, respectively, and $229 thousand and $757 thousand for the three and nine months ended March 31, 2021, respectively.

Goodwill and Intangibles

Goodwill and Intangibles	9 Months Ended
	Mar. 31, 2022
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 nine months ended March 31, 2022, 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 nine months ended March 31, 2022. ​ 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 Adjustments: ​ ​ Additions ​ — ​ — Amortization ​ — ​ (56) Balance, December 31, 2021 ​ $ 4,858 ​ $ 824 Adjustments: ​ ​ ​ ​ ​ ​ Additions ​ ​ — ​ ​ — Amortization ​ ​ — ​ ​ (56) Balance, March 31, 2022 ​ $ 4,858 ​ $ 768 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Adjustments: ​ ​ Additions ​ — ​ — Amortization ​ — ​ (64) Balance, December 31, 2020 ​ $ 4,858 ​ $ 1,064 Adjustments: ​ ​ ​ ​ ​ ​ Additions ​ ​ — ​ ​ — Amortization ​ ​ — ​ ​ (64) Balance, March 31, 2021 ​ $ 4,858 ​ $ 1,000 ​ Aggregate amortization expense was $56 thousand and $169 thousand for the three and nine months ended March 31, 2022, respectively, and $64 thousand and $192 thousand for the three and nine months ended March 31, 2021, respectively.

Deposits

Deposits	9 Months Ended
	Mar. 31, 2022
Deposits.
Deposits	Note 9 – Deposits Deposits consist of the following major classifications as of March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ March 31, 2022 ​ June 30, 2021 Non-interest bearing checking $ 62,356 $ 51,086 Interest bearing checking ​ ​ 128,471 ​ ​ 104,214 Money market accounts ​ ​ 188,638 ​ ​ 136,719 Savings and club accounts 106,099 100,781 Certificates of deposit 135,840 160,303 ​ $ 621,404 $ 553,103 ​

Advances from Federal Home Loan

Advances from Federal Home Loan Bank	9 Months Ended
	Mar. 31, 2022
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 $291.2 million and $280.8 million at March 31, 2022 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 $420.8 million and $407.4 million of loans pledged as collateral as of March 31, 2022 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 $1.7 million and $2.7 million at March 31, 2022 and June 30, 2021, respectively. During the nine months ended March 31, 2022, the Bank paid off $21.0 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 March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) March 31, 2022 June 30, 2021 FHLB advances: ​ ​ Convertible ​ $ 20,000 ​ $ 20,000 Fixed ​ ​ — ​ 14,000 Mid-term ​ ​ — ​ 7,000 Total FHLB advances ​ $ 20,000 ​ $ 41,000 ​

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2022
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 March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ June 30, (Dollars in thousands) ​ 2022 ​ 2021 Commitments to extend credit ​ $ 30,119 ​ $ 35,350 Unfunded commitments under lines of credit ​ 65,652 ​ 50,583 Standby letters of credit ​ — ​ 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	9 Months Ended
	Mar. 31, 2022
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 March 31, 2022 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. Federal banking agencies have established 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. 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. ​ The Bank has elected to adopt the optional community bank leverage ratio framework. Management believes, as of March 31, 2022 and June 30, 2021, that the Bank meets all capital adequacy requirements to which it is subject. The leverage ratios of the Bank at March 31, 2022 and June 30, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized Under ​ ​ ​ ​ ​ ​ ​ ​ ​ For Capital ​ ​ Prompt Corrective Action ​ As of March 31, 2022 ​ Actual ​ ​ Adequacy Purposes ​ ​ Provisions ​ (Dollars in thousands except for ratios) Amount ​ Ratio ​ ​ Amount ​ Ratio ​ ​ Amount ​ Ratio William Penn Bank: ​ ​ ​ ​ Tier 1 leverage ​ $ 155,769 ​ 18.25 % ​ $ 34,135 ​ ​ 4.00 % ​ $ 42,668 ​ ​ 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	9 Months Ended
	Mar. 31, 2022
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 March 31, 2022 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Dollars in thousands) Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Investments available for sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ — ​ $ 100,517 ​ $ — ​ $ 100,517 U.S. agency collateralized mortgage obligations ​ ​ — ​ ​ 10,752 ​ ​ — ​ ​ 10,752 U.S. government agency securities ​ ​ — ​ ​ 5,684 ​ ​ — ​ ​ 5,684 Municipal bonds ​ ​ — ​ ​ 17,456 ​ ​ — ​ ​ 17,456 Corporate bonds ​ ​ — ​ ​ 35,204 ​ ​ — ​ ​ 35,204 Equity securities ​ ​ 2,404 ​ ​ — ​ ​ — ​ ​ 2,404 Total Assets ​ $ 2,404 ​ $ 169,613 ​ $ — ​ $ 172,017 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 March 31, 2022 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 March 31, 2022 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 March 31, 2022 and June 30, 2021, assets required to be measured and reported at fair value on a non-recurring basis are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Dollars in thousands) ​ Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Impaired loans ​ $ — ​ $ — ​ $ 1,756 ​ $ 1,756 ​ ​ $ — ​ $ — ​ $ 1,756 ​ $ 1,756 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 March 31, 2022 and June 30, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements ​ ​ Fair Value ​ Valuation ​ Unobservable ​ ​ (Dollars in thousands) Estimate Techniques Input Range March 31, 2022 ​ ​ Impaired loans ​ $ 1,756 Appraisal of collateral (1) Appraisal adjustments (2) 0-7 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative 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 March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 457,178 ​ $ 460,400 ​ $ — ​ $ — ​ $ 460,400 Securities held to maturity ​ ​ 104,227 ​ ​ 95,102 ​ ​ — ​ ​ 95,102 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 135,840 ​ 136,909 ​ — ​ — ​ 136,909 Advances from Federal Home Loan Bank ​ 20,000 ​ 20,260 ​ — ​ — ​ 20,260 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	9 Months Ended
	Mar. 31, 2022
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. 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. Accounting standard 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) ​ March 31, 2022 Lease Right-of-Use Assets Classification ​ Operating lease right-of-use assets ​ Other assets $ 6,970 Total Right-of-Use Assets ​ $ 6,970 ​ ​ ​ ​ ​ ​ (in thousands) ​ March 31, 2022 Lease Liabilities Classification ​ Operating lease liabilities Other liabilities $ 7,064 Total Lease Liabilities $ 7,064 ​ ​ ​ ​ ​ ​ ​ (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. During the nine months ended March 31, 2022 the Company opened two new branch offices, one located in Doylestown in Bucks County, Pennsylvania and one located in Hamilton Township in Mercer County, New Jersey. During the nine months ended March 31, 2022, the Company’s lease agreements for these branch offices commenced, which resulted in an increase of the ROU asset and lease liability of $5.2 million. ​ ​ ​ ​ ​ ​ March 31, ​ ​ 2022 Weighted average remaining lease term ​ Operating leases 17.7 years Weighted average discount rate ​ ​ Operating leases 2.01 % ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2021 Weighted average remaining lease term ​ Operating leases 9.8 years Weighted average discount rate ​ Operating leases 1.76 % ​ The Company recorded $162 thousand and $427 thousand of net lease costs during the three and nine months ended March 31, 2022, respectively. The Company recorded $103 thousand and $260 thousand of net lease costs during the three and nine months ended March 31, 2021, respectively. Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2022 were as follows: ​ The Company recorded $162 thousand and $427 thousand of net lease costs during the three and nine months ended March 31, 2022, respectively. The Company recorded $103 thousand and $260 thousand of net lease costs during the three and nine months ended March 31, 2021, respectively. Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2022 were as follows:The Company recorded $162 thousand and $427 thousand of net lease costs during the three and nine months ended March 31, 2022, respectively. The Company recorded $103 thousand and $260 thousand of net lease costs during the three and nine months ended March 31, 2021, respectively. Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2022 were as follows: ​ ​ ​ ​ March 31, ​ ​ 2022 ​ ​ Operating (in thousands) ​ Leases Twelve months ended March 31, ​ 2023 ​ $ 605 2024 ​ 613 2025 ​ 604 2026 ​ 441 2027 ​ 395 Thereafter ​ 5,876 Total future minimum lease payments ​ $ 8,534 Amounts representing interest ​ (1,470) Present value of net future minimum lease payments ​ $ 7,064 ​

Subsequent Events

Subsequent Events	9 Months Ended
	Mar. 31, 2022
Subsequent Events
Subsequent Events	​ Note 15 – Subsequent Events ​ On April 13, 2022, the Company prepaid a $5.0 million advance from the FHLB of Pittsburgh due to the low interest rate environment and incurred a $12 thousand prepayment penalty. On April 27, 2022, the Company prepaid the remaining $15.0 million of advances from the FHLB of Pittsburgh due to the low interest rate environment and incurred a total of $176 thousand of prepayment penalties. ​ On April 20, 2022, the Company declared a cash dividend of $0.03 per share, payable on May 12, 2022, to common shareholders of record at the close of business on May 2, 2022. ​ Since March 31, 2022, the Company purchased and retired 114,300 shares of its common stock at an average price per share of $12.40 as part of its previously announced stock repurchase program that commenced on March 25, 2022. ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2022
Summary of Significant Accounting Policies
Principles of Consolidation and Basis of Presentation	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 March 31, 2022, WPSLA held $264.8 million of the Bank’s $276.2 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	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 and nine months ended March 31, 2022 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 March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2022
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 ​ Nine Months Ended ​ ​ ​ March 31, ​ March 31, ​ (Dollars in thousands, except share and per share amounts) ​ 2022 ​ 2021 ​ 2022 ​ 2021 ​ Weighted-average common shares and common stock equivalents used to calculate basic and diluted earnings per share ​ ​ 14,318,839 ​ ​ 14,613,210 ​ ​ 14,310,484 ​ ​ 14,623,497 ​ Net income ​ $ 824 ​ $ 1,067 ​ $ 3,159 ​ $ 3,113 ​ Basic and diluted earnings per share ​ $ 0.06 ​ $ 0.07 ​ $ 0.22 ​ $ 0.21 ​

Changes in and Reclassificati_2

Changes in and Reclassifications Out of Accumulated Other Comprehensive (Loss) Income (Tables)	9 Months Ended
	Mar. 31, 2022
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) ​ 2022 ​ 2021 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 Other comprehensive (loss) income before reclassifications ​ (447) ​ ​ 284 Amounts reclassified from accumulated other comprehensive (loss) income ​ — ​ ​ 23 Period change ​ (447) ​ 307 Balance at December 31, ​ $ (1,109) ​ $ 740 Other comprehensive loss before reclassifications ​ ​ (8,076) ​ ​ (1,897) Amounts reclassified from accumulated other comprehensive (loss) income ​ ​ — ​ ​ (27) Period change ​ ​ (8,076) ​ ​ (1,924) Balance at March 31, ​ $ (9,185) ​ $ (1,184) ​ (1) All amounts are net of tax. Related income tax expense is calculated using an income tax rate approximating 22.4%. ​ ​
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 March 31, ​ Affected Line Item in the (Loss) Income Components 2022 ​ 2021 Consolidated Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ ​ Net securities gains reclassified into net income ​ $ — ​ $ 35 ​ Net gain on sale of securities Related income tax expense ​ ​ — ​ ​ (8) Income tax expense ​ ​ $ — ​ $ 27 ​ ​ (1) Amounts in parenthesis indicate debits. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Amounts Reclassified from Accumulated ​ ​ ​ ​ Other Comprehensive (Loss) Income (2) ​ ​ Details about Accumulated Other Comprehensive ​ Nine Months Ended March 31, ​ Affected Line Item in the (Loss) Income Components 2022 ​ 2021 Consolidated Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ Net securities gains reclassified into net income ​ $ 62 ​ $ 5 ​ Net gain on sale of securities Related income tax expense ​ ​ (14) ​ ​ (1) ​ Income tax expense ​ ​ $ 48 ​ $ 4 ​ ​ (2) Amounts in parenthesis indicate debits.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Mar. 31, 2022
Investment Securities
Schedule of amortized cost, gross unrealized gains and losses, and estimated fair value of investments in debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value Available For Sale: ​ Mortgage-backed securities ​ $ 107,948 ​ $ — ​ $ (7,431) ​ $ 100,517 U.S. agency collateralized mortgage obligations ​ ​ 11,792 ​ ​ — ​ ​ (1,040) ​ ​ 10,752 U.S. government agency securities ​ ​ 5,730 ​ ​ — ​ ​ (46) ​ ​ 5,684 Municipal bonds ​ ​ 20,180 ​ ​ — ​ ​ (2,724) ​ ​ 17,456 Corporate bonds ​ ​ 35,800 ​ ​ 209 ​ ​ (805) ​ ​ 35,204 Total Available For Sale ​ $ 181,450 ​ $ 209 ​ $ (12,046) ​ $ 169,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held To Maturity: ​ Mortgage-backed securities ​ $ 104,227 ​ $ — ​ $ (9,125) ​ $ 95,102 Total Held To Maturity ​ $ 104,227 ​ $ — ​ $ (9,125) ​ $ 95,102 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ March 31, 2022 ​ ​ 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 ​ 49 ​ 48 ​ — ​ — Due after five years through ten years ​ 38,085 ​ 37,416 ​ — ​ — Due after ten years ​ ​ 143,316 ​ ​ 132,149 ​ ​ 104,227 ​ ​ 95,102 ​ ​ $ 181,450 ​ $ 169,613 ​ $ 104,227 ​ $ 95,102 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of debt securities with unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ 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 $ 87,009 $ (6,472) $ 8,536 $ (959) $ 95,545 $ (7,431) U.S. agency collateralized mortgage obligations 3,200 (370) 7,552 ​ (670) 10,752 (1,040) U.S. government agency securities 1,280 (7) 4,404 (39) 5,684 (46) Municipal bonds 8,214 (1,189) 9,242 (1,535) 17,456 (2,724) Corporate bonds ​ 20,245 ​ (805) ​ — ​ — ​ 20,245 ​ (805) ​ ​ ​ 119,948 ​ ​ (8,843) ​ ​ 29,734 ​ ​ (3,203) ​ ​ 149,682 ​ ​ (12,046) Held To Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ 95,102 ​ (9,125) ​ — ​ — ​ ​ 95,102 ​ (9,125) ​ ​ 95,102 ​ (9,125) ​ — ​ — ​ 95,102 ​ (9,125) Total Temporarily Impaired Securities $ 215,050 $ (17,968) $ 29,734 $ (3,203) $ 244,784 $ (21,171) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	9 Months Ended
	Mar. 31, 2022
Loans
Schedule of major classifications of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ June 30, ​ ​ 2022 ​ 2021 (Dollars in thousands) Amount Percent ​ Amount Percent ​ Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family $ 151,435 32.82 % $ 173,306 37.22 % Home equity and HELOCs ​ 32,886 ​ 7.13 ​ 37,222 ​ 7.99 Construction -residential ​ 10,917 ​ 2.36 ​ 10,841 ​ 2.33 ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ 102,857 ​ 22.29 ​ ​ 120,581 ​ 25.90 ​ Multi-family (five or more) ​ 12,417 ​ 2.69 ​ 12,315 ​ 2.64 ​ Commercial non-residential ​ 138,280 ​ 29.97 ​ 96,612 ​ 20.75 ​ Construction and land ​ ​ 4,979 ​ 1.08 ​ ​ 6,377 ​ 1.37 ​ Commercial ​ 5,291 ​ 1.15 ​ 5,145 ​ 1.10 ​ Consumer loans ​ 2,362 ​ 0.51 ​ 3,230 ​ 0.70 ​ Total Loans ​ 461,424 ​ 100.00 % 465,629 ​ 100.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unearned loan origination fees ​ (767) ​ ​ (820) ​ ​ ​ Allowance for loan losses ​ (3,479) ​ ​ (3,613) ​ ​ ​ Net Loans ​ $ 457,178 ​ ​ $ 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 March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 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 ​ $ 605 ​ $ 109 ​ $ 326 ​ $ 742 ​ $ 116 ​ $ 1,320 ​ $ 265 ​ $ 31 ​ $ 50 ​ $ 3,564 Charge-offs ​ (73) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (23) ​ ​ (96) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ 1 Provision (recovery) ​ ​ 50 ​ ​ 19 ​ ​ 23 ​ ​ (113) ​ ​ 6 ​ ​ 58 ​ ​ (79) ​ ​ 24 ​ ​ 22 ​ ​ 10 Ending Balance ​ $ 582 ​ $ 128 ​ $ 349 ​ $ 629 ​ $ 122 ​ $ 1,378 ​ $ 186 ​ $ 55 ​ $ 50 ​ $ 3,479 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 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 ​ $ 766 ​ $ 130 ​ $ 463 ​ $ 835 ​ $ 161 ​ $ 851 ​ $ 334 ​ $ 32 ​ $ 15 ​ $ 3,587 Charge-offs ​ (3) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (3) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Provision (recovery) ​ (48) ​ 7 ​ 41 ​ 1 ​ 11 ​ (9) ​ 15 ​ (3) ​ — ​ 15 Ending Balance ​ $ 715 ​ $ 137 ​ $ 504 ​ $ 836 ​ $ 172 ​ $ 842 ​ $ 349 ​ $ 29 ​ $ 15 ​ $ 3,599 ​ The following table presents by portfolio segment, the changes in the allowance for loan losses for the nine months ended March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 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 ​ (88) ​ ​ — ​ ​ — ​ ​ (55) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (23) ​ ​ (166) Recoveries ​ ​ — ​ ​ 8 ​ ​ — ​ ​ 42 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ 52 Provision (recovery) ​ ​ (39) ​ ​ (13) ​ ​ (138) ​ ​ (201) ​ ​ (37) ​ ​ 524 ​ ​ (176) ​ ​ 4 ​ ​ 56 ​ ​ (20) Ending Balance ​ $ 582 ​ $ 128 ​ $ 349 ​ $ 629 ​ $ 122 ​ $ 1,378 ​ $ 186 ​ $ 55 ​ $ 50 ​ $ 3,479 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 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 ​ $ 682 ​ $ 166 ​ $ 526 ​ $ 801 ​ $ 123 ​ $ 727 ​ $ 396 ​ $ 83 ​ $ 15 ​ $ 3,519 Charge-offs ​ (3) ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ (30) ​ (33) Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Provision (recovery) ​ 36 ​ (29) ​ (22) ​ 35 ​ 49 ​ 115 ​ (47) ​ (54) ​ 30 ​ 113 Ending Balance ​ $ 715 ​ $ 137 ​ $ 504 ​ $ 836 ​ $ 172 ​ $ 842 ​ $ 349 ​ $ 29 ​ $ 15 ​ $ 3,599 The following tables present the allowance for loan losses and recorded investment by loan portfolio classification as March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 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 ​ 582 ​ 128 ​ 349 ​ 629 ​ 122 ​ 1,378 ​ 186 ​ 55 ​ 50 ​ 3,479 Total allowance ​ $ 582 ​ $ 128 ​ $ 349 ​ $ 629 ​ $ 122 ​ $ 1,378 ​ $ 186 ​ $ 55 ​ $ 50 ​ $ 3,479 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 3,435 ​ $ 451 ​ $ — ​ $ 183 ​ $ 470 ​ $ 1,239 ​ $ — ​ $ — ​ $ — ​ $ 5,778 Collectively evaluated for impairment ​ 79,242 ​ 16,344 ​ 10,387 ​ 85,253 ​ 11,947 ​ 115,767 ​ 4,979 ​ 4,431 ​ 528 ​ 328,878 Acquired non-credit impaired loans (1) ​ 68,619 ​ 16,068 ​ 530 ​ 17,421 ​ — ​ 21,274 ​ — ​ 860 ​ 1,834 ​ 126,606 Acquired credit impaired loans (2) ​ 139 ​ 23 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 162 Total portfolio ​ $ 151,435 ​ $ 32,886 ​ $ 10,917 ​ $ 102,857 ​ $ 12,417 ​ $ 138,280 ​ $ 4,979 ​ $ 5,291 ​ $ 2,362 ​ $ 461,424 (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 March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ investor ​ Multi-family ​ Non-residential ​ and land ​ Commercial ​ Total Pass $ 101,185 ​ $ 11,947 $ 137,040 $ 4,979 $ 5,291 $ 260,442 Special Mention ​ ​ 1,561 ​ ​ — ​ ​ 311 ​ ​ — ​ ​ — ​ ​ 1,872 Substandard ​ ​ 111 ​ ​ 470 ​ ​ 929 ​ ​ — ​ ​ — ​ ​ 1,510 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending Balance ​ $ 102,857 ​ $ 12,417 ​ $ 138,280 ​ $ 4,979 ​ $ 5,291 ​ $ 263,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential Real Estate and Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit Risk Internally Assigned ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family HELOCs Construction Consumer Total Performing $ 146,813 $ 32,570 $ 10,917 $ 2,239 $ 192,539 Non-performing ​ ​ 4,622 ​ ​ 316 ​ — ​ 123 ​ 5,061 ​ ​ $ 151,435 ​ $ 32,886 ​ $ 10,917 ​ $ 2,362 ​ $ 197,600 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) March 31, 2022 June 30, 2021 Outstanding principal balance ​ $ 236 ​ $ 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 ​ (12) Balance, March 31, 2022 ​ $ 1
Schedule of aging analysis of past due loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aged Analysis of Past Due and Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ As of March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $ 1,098 $ 197 $ 2,601 $ 3,896 $ 139 $ 147,400 $ 151,435 $ — $ 4,622 Home equity and HELOCs ​ ​ 95 ​ ​ 16 ​ ​ 205 ​ ​ 316 ​ ​ 23 ​ ​ 32,547 ​ ​ 32,886 ​ ​ — ​ ​ 316 Construction - residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10,917 ​ ​ 10,917 ​ ​ — ​ ​ — Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 102,857 ​ ​ 102,857 ​ ​ — ​ ​ 111 Multi-family ​ ​ — ​ ​ — ​ ​ 165 ​ ​ 165 ​ ​ — ​ ​ 12,252 ​ ​ 12,417 ​ ​ — ​ ​ 470 Commercial non-residential ​ ​ 1,145 ​ ​ — ​ ​ — ​ ​ 1,145 ​ ​ — ​ ​ 137,135 ​ ​ 138,280 ​ ​ — ​ ​ 894 Construction and land ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,979 ​ ​ 4,979 ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,291 ​ ​ 5,291 ​ ​ — ​ ​ — Consumer ​ ​ — ​ ​ 32 ​ ​ 6 ​ ​ 38 ​ ​ — ​ ​ 2,324 ​ ​ 2,362 ​ ​ — ​ ​ 123 Total ​ $ 2,338 ​ $ 245 ​ $ 2,977 ​ $ 5,560 ​ $ 162 ​ $ 455,702 ​ $ 461,424 ​ $ — ​ $ 6,536 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 March 31, 2022 and June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (Dollars in thousands) Investment Balance Allowance With no related allowance recorded: ​ ​ ​ 1 - 4 family residential real estate ​ $ 3,435 ​ $ 3,598 ​ $ — Home equity and HELOCs ​ 451 ​ 451 ​ — Construction residential ​ — ​ — ​ — 1 - 4 family investor commercial real estate ​ ​ 183 ​ ​ 192 ​ ​ — Multi-family ​ ​ 470 ​ ​ 492 ​ ​ — Commercial non-residential ​ 1,239 ​ 1,287 ​ — 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 ​ $ 3,435 ​ $ 3,598 ​ $ — Home equity and HELOCs ​ 451 ​ 451 ​ — Construction residential ​ — ​ — ​ — 1 - 4 family investor commercial real estate ​ ​ 183 ​ ​ 192 ​ ​ — Multi-family ​ 470 ​ 492 ​ — Commercial non-residential ​ 1,239 ​ 1,287 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ The impaired loans table above includes accruing troubled debt restructurings (“TDRs”) in the amount of $772 thousand that are performing in accordance with their modified terms. The Company recognized $10 thousand and $33 thousand of interest income on accruing TDRs during the three and nine months ended March 31, 2022, respectively. 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 $964 thousand that are performing in accordance with their modified terms. 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 and nine months ended March 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ Three Months Ended ​ Nine Months Ended ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income (Dollars in thousands) Investment Recognized Investment Recognized With no related allowance recorded: ​ ​ ​ ​ 1-4 family residential real estate ​ $ 3,042 ​ $ — ​ $ 2,301 ​ $ — Home equity and HELOCs ​ 445 ​ 4 ​ 491 ​ 13 Construction residential ​ — ​ — ​ — ​ — 1-4 family investor commercial real estate ​ ​ 207 ​ ​ 1 ​ ​ 340 ​ ​ 3 Multi-family ​ 474 ​ — ​ 394 ​ — Commercial non-residential ​ 1,249 ​ 6 ​ 1,023 ​ 17 Construction and land ​ — ​ — ​ — ​ — Commercial ​ 5 ​ — ​ 2 ​ — 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 ​ $ 3,042 ​ $ — ​ $ 2,301 ​ $ — Home equity and HELOCs ​ 445 ​ 4 ​ 491 ​ 13 Construction residential ​ — ​ — ​ — ​ — 1-4 family investor commercial real estate ​ ​ 207 ​ ​ 1 ​ ​ 340 ​ ​ 3 Multi-family ​ 474 ​ — ​ 394 ​ — Commercial non-residential ​ 1,249 ​ 6 ​ 1,023 ​ 17 Construction and land ​ — ​ — ​ — ​ — Commercial ​ 5 ​ — ​ 2 ​ — Consumer ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Three Months Ended ​ Nine Months Ended ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income (Dollars in thousands) Investment Recognized Investment Recognized With no related allowance recorded: ​ ​ ​ ​ 1-4 family residential real estate ​ $ 1,885 ​ $ — ​ $ 1,465 ​ $ 9 Home equity and HELOCs ​ 626 ​ 5 ​ 643 ​ 15 Construction residential ​ — ​ — ​ — ​ — 1-4 family investor commercial real estate ​ ​ 324 ​ ​ 1 ​ ​ 324 ​ ​ 4 Multi-family ​ 182 ​ — ​ 183 ​ — Commercial non-residential ​ 1,059 ​ 8 ​ 897 ​ 26 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 ​ $ 1,885 ​ $ — ​ $ 1,465 ​ $ 9 Home equity and HELOCs ​ 626 ​ 5 ​ 643 ​ 15 Construction residential ​ — ​ — ​ — ​ — 1-4 family investor commercial real estate ​ ​ 324 ​ ​ 1 ​ ​ 324 ​ ​ 4 Multi-family ​ 182 ​ — ​ 183 ​ — Commercial non-residential ​ 1,059 ​ 8 ​ 897 ​ 26 Construction and land ​ — ​ — ​ — ​ — Commercial ​ — ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ — ​

Premises and Equipment (Tables)

Premises and Equipment (Tables)	9 Months Ended
	Mar. 31, 2022
Premises and Equipment
Schedule of components of premises and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ June 30, (Dollars in thousands) ​ 2022 ​ 2021 Land ​ $ 2,581 ​ $ 2,581 Office buildings and improvements ​ 13,346 ​ 12,932 Furniture, fixtures and equipment ​ 2,606 ​ 2,428 Automobiles ​ 58 ​ 50 ​ ​ 18,591 ​ 17,991 ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ (5,230) ​ (4,552) ​ ​ $ 13,361 ​ $ 13,439

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	9 Months Ended
	Mar. 31, 2022
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 Adjustments: ​ ​ Additions ​ — ​ — Amortization ​ — ​ (56) Balance, December 31, 2021 ​ $ 4,858 ​ $ 824 Adjustments: ​ ​ ​ ​ ​ ​ Additions ​ ​ — ​ ​ — Amortization ​ ​ — ​ ​ (56) Balance, March 31, 2022 ​ $ 4,858 ​ $ 768 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Adjustments: ​ ​ Additions ​ — ​ — Amortization ​ — ​ (64) Balance, December 31, 2020 ​ $ 4,858 ​ $ 1,064 Adjustments: ​ ​ ​ ​ ​ ​ Additions ​ ​ — ​ ​ — Amortization ​ ​ — ​ ​ (64) Balance, March 31, 2021 ​ $ 4,858 ​ $ 1,000

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Mar. 31, 2022
Deposits.
Schedule of classification of deposits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ March 31, 2022 ​ June 30, 2021 Non-interest bearing checking $ 62,356 $ 51,086 Interest bearing checking ​ ​ 128,471 ​ ​ 104,214 Money market accounts ​ ​ 188,638 ​ ​ 136,719 Savings and club accounts 106,099 100,781 Certificates of deposit 135,840 160,303 ​ $ 621,404 $ 553,103

Advances from Federal Home Lo_2

Advances from Federal Home Loan Bank (Tables)	9 Months Ended
	Mar. 31, 2022
Advances from Federal Home Loan Bank
Schedule of advances from FHLB	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) March 31, 2022 June 30, 2021 FHLB advances: ​ ​ Convertible ​ $ 20,000 ​ $ 20,000 Fixed ​ ​ — ​ 14,000 Mid-term ​ ​ — ​ 7,000 Total FHLB advances ​ $ 20,000 ​ $ 41,000

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Mar. 31, 2022
Commitments and Contingencies.
Schedule of company's loan commitments	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ June 30, (Dollars in thousands) ​ 2022 ​ 2021 Commitments to extend credit ​ $ 30,119 ​ $ 35,350 Unfunded commitments under lines of credit ​ 65,652 ​ 50,583 Standby letters of credit ​ — ​ 2,000

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	9 Months Ended
	Mar. 31, 2022
Regulatory Capital Requirements
Schedule of leverage ratios	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized Under ​ ​ ​ ​ ​ ​ ​ ​ ​ For Capital ​ ​ Prompt Corrective Action ​ As of March 31, 2022 ​ Actual ​ ​ Adequacy Purposes ​ ​ Provisions ​ (Dollars in thousands except for ratios) Amount ​ Ratio ​ ​ Amount ​ Ratio ​ ​ Amount ​ Ratio William Penn Bank: ​ ​ ​ ​ Tier 1 leverage ​ $ 155,769 ​ 18.25 % ​ $ 34,135 ​ ​ 4.00 % ​ $ 42,668 ​ ​ 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)	9 Months Ended
	Mar. 31, 2022
Fair Value of Financial Instruments
Schedule of assets measured at fair value on recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Dollars in thousands) Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Investments available for sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ — ​ $ 100,517 ​ $ — ​ $ 100,517 U.S. agency collateralized mortgage obligations ​ ​ — ​ ​ 10,752 ​ ​ — ​ ​ 10,752 U.S. government agency securities ​ ​ — ​ ​ 5,684 ​ ​ — ​ ​ 5,684 Municipal bonds ​ ​ — ​ ​ 17,456 ​ ​ — ​ ​ 17,456 Corporate bonds ​ ​ — ​ ​ 35,204 ​ ​ — ​ ​ 35,204 Equity securities ​ ​ 2,404 ​ ​ — ​ ​ — ​ ​ 2,404 Total Assets ​ $ 2,404 ​ $ 169,613 ​ $ — ​ $ 172,017 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Dollars in thousands) ​ Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Impaired loans ​ $ — ​ $ — ​ $ 1,756 ​ $ 1,756 ​ ​ $ — ​ $ — ​ $ 1,756 ​ $ 1,756 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 about Level 3 Fair Value Measurements ​ ​ Fair Value ​ Valuation ​ Unobservable ​ ​ (Dollars in thousands) Estimate Techniques Input Range March 31, 2022 ​ ​ Impaired loans ​ $ 1,756 Appraisal of collateral (1) Appraisal adjustments (2) 0-7 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 457,178 ​ $ 460,400 ​ $ — ​ $ — ​ $ 460,400 Securities held to maturity ​ ​ 104,227 ​ ​ 95,102 ​ ​ — ​ ​ 95,102 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 135,840 ​ 136,909 ​ — ​ — ​ 136,909 Advances from Federal Home Loan Bank ​ 20,000 ​ 20,260 ​ — ​ — ​ 20,260 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	9 Months Ended
	Mar. 31, 2022
Leases
Schedule of leases in consolidated statements of financial condition	​ ​ ​ ​ ​ ​ (in thousands) ​ March 31, 2022 Lease Right-of-Use Assets Classification ​ Operating lease right-of-use assets ​ Other assets $ 6,970 Total Right-of-Use Assets ​ $ 6,970 ​ ​ ​ ​ ​ ​ (in thousands) ​ March 31, 2022 Lease Liabilities Classification ​ Operating lease liabilities Other liabilities $ 7,064 Total Lease Liabilities $ 7,064 ​ ​ ​ ​ ​ ​ ​ (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	​ ​ ​ ​ ​ ​ March 31, ​ ​ 2022 Weighted average remaining lease term ​ Operating leases 17.7 years Weighted average discount rate ​ ​ Operating leases 2.01 % ​ ​ ​ ​ ​ ​ 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	​ The Company recorded $162 thousand and $427 thousand of net lease costs during the three and nine months ended March 31, 2022, respectively. The Company recorded $103 thousand and $260 thousand of net lease costs during the three and nine months ended March 31, 2021, respectively. Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2022 were as follows:The Company recorded $162 thousand and $427 thousand of net lease costs during the three and nine months ended March 31, 2022, respectively. The Company recorded $103 thousand and $260 thousand of net lease costs during the three and nine months ended March 31, 2021, respectively. Future minimum payments for operating leases with initial or remaining terms of one year or more as of March 31, 2022 were as follows: ​ ​ ​ ​ March 31, ​ ​ 2022 ​ ​ Operating (in thousands) ​ Leases Twelve months ended March 31, ​ 2023 ​ $ 605 2024 ​ 613 2025 ​ 604 2026 ​ 441 2027 ​ 395 Thereafter ​ 5,876 Total future minimum lease payments ​ $ 8,534 Amounts representing interest ​ (1,470) Present value of net future minimum lease payments ​ $ 7,064

Nature of Operations (Details)

Nature of Operations (Details) $ / shares in Units, $ in Thousands	Mar. 24, 2021USD ($)$ / sharesshares	Mar. 31, 2022USD ($)Office	Dec. 31, 2021USD ($)	Sep. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022Office
Nature of Operations
Conversion of existing shares at 3.2585 exchange ratio					3.2585
ESOP shares committed to be released		$ 110	$ 107	$ 108	$ 8
Percentage of shares of the outstanding stock sold						6.97%
Number of full service branch offices | Office		13				13
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%				100.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - WPSLA Investment Corporation $ in Millions	Mar. 31, 2022USD ($)
Summary of Significant Accounting Policies
Loans held in portfolio	$ 264.8
Investment securities portfolio	$ 276.2

Earnings Per Share - Computatio

Earnings Per Share - Computation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2022	Mar. 31, 2021
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 earnings per share	14,318,839			14,613,210			14,310,484	14,623,497
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share	14,318,839			14,613,210			14,310,484	14,623,497
Net income	$ 824	$ 1,175	$ 1,160	$ 1,067	$ 1,376	$ 670	$ 3,159	$ 3,113
Basic earnings per share	$ 0.06			$ 0.07			$ 0.22	$ 0.21
Diluted earnings per share	$ 0.06			$ 0.07			$ 0.22	$ 0.21

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share
Antidilutive securities	0						0
Net income	$ 824	$ 1,175	$ 1,160	$ 1,067	$ 1,376	$ 670	$ 3,159	$ 3,113

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						9 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive (Loss) Income
Beginning balance	$ 213,880	$ 213,045	$ 216,926	$ 97,189	$ 95,506	$ 96,365	$ 216,926	$ 96,365
Other comprehensive income (loss)	(8,076)	(447)	(598)	(1,924)	307	357	(9,121)	(1,260)
Ending balance	206,280	213,880	213,045	215,040	97,189	95,506	$ 206,280	215,040
Income tax rate							22.40%
Net gain on sale of securities
Accumulated Other Comprehensive (Loss) Income
Beginning balance	(1,109)	(662)	(64)	740	433	76	$ (64)	76
Other comprehensive (loss) income before reclassifications	(8,076)	(447)	(550)	(1,897)	284	357
Amounts reclassified from accumulated other comprehensive (loss) income			(48)	(27)	23
Other comprehensive income (loss)	(8,076)	(447)	(598)	(1,924)	307	357
Ending balance	$ (9,185)	$ (1,109)	$ (662)	$ (1,184)	$ 740	$ 433	$ (9,185)	$ (1,184)

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						9 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net securities gains reclassified into net income				$ 35			$ 62	$ 5
Related income tax expense	$ (160)			(273)			(310)	(789)
NET INCOME	$ 824	$ 1,175	$ 1,160	1,067	$ 1,376	$ 670	3,159	3,113
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				35			62	5
Related income tax expense				(8)			(14)	(1)
NET INCOME				$ 27			$ 48	$ 4

Investment Securities - Availab

Investment Securities - Available for sale (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Available For Sale:
Amortized Cost	$ 181,450	$ 123,417
Gross Unrealized Gains	209	992
Gross Unrealized Losses	(12,046)	(1,074)
Fair value	169,613	123,335
Held To Maturity:
Held to maturity securities, Amortized cost	104,227
Gross Unrealized Losses	(9,125)
Fair value	95,102	0
Mortgage-backed securities
Available For Sale:
Amortized Cost	107,948	55,385
Gross Unrealized Gains		53
Gross Unrealized Losses	(7,431)	(374)
Fair value	100,517	55,064
Held To Maturity:
Held to maturity securities, Amortized cost	104,227
Gross Unrealized Losses	(9,125)
Fair value	95,102
U.S. agency collateralized mortgage obligations
Available For Sale:
Amortized Cost	11,792	15,641
Gross Unrealized Gains		47
Gross Unrealized Losses	(1,040)	(255)
Fair value	10,752	15,433
U.S. government agency securities
Available For Sale:
Amortized Cost	5,730	6,952
Gross Unrealized Losses	(46)	(56)
Fair value	5,684	6,896
Municipal bonds
Available For Sale:
Amortized Cost	20,180	20,239
Gross Unrealized Gains		11
Gross Unrealized Losses	(2,724)	(389)
Fair value	17,456	19,861
Corporate bonds
Available For Sale:
Amortized Cost	35,800	25,200
Gross Unrealized Gains	209	881
Gross Unrealized Losses	(805)
Fair value	$ 35,204	$ 26,081

Investment Securities - Securit

Investment Securities - Securities by contractual maturity (Details) $ in Thousands	Mar. 31, 2022USD ($)
Available for sale, Amortized Cost
Due after one year through five years	$ 49
Due after five years through ten years	38,085
Due after ten years	143,316
Amortized Cost	181,450
Available for sale, Fair Value
Due after one year through five years	48
Due after five years through ten years	37,416
Due after ten years	132,149
Fair Value	169,613
Held to maturity, Amortized Cost
Due after ten years	104,227
Amortized Cost	104,227
Held to maturity, Fair Value
Due after ten years	95,102
Fair Value	$ 95,102

Investment Securities - Investm

Investment Securities - Investments with unrealized losses (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Fair Value
Less than 12 Months	$ 119,948	$ 78,409
12 Months or More	29,734	2,407
Total Fair Value	149,682	80,816
Unrealized Losses
Less than 12 Months	(8,843)	(1,021)
12 Months or More	(3,203)	(53)
Total Unrealized Losses	(12,046)	(1,074)
Fair Value
Less than 12 Months	95,102
Total Fair Value	95,102
Unrealized Losses
Less than 12 Months	(9,125)
Total Unrealized Losses	(9,125)
Less than 12 Months Fair Value	215,050
12 Months or More Fair Value	29,734
Total Fair Value	244,784
Less than 12 Months Unrealized Losses	(17,968)
12 Months or More Unrealized Losses	(3,203)
Total Unrealized Losses	(21,171)
Mortgage-backed securities
Fair Value
Less than 12 Months	87,009	43,152
12 Months or More	8,536
Total Fair Value	95,545	43,152
Unrealized Losses
Less than 12 Months	(6,472)	(374)
12 Months or More	(959)
Total Unrealized Losses	(7,431)	(374)
Fair Value
Less than 12 Months	95,102
Total Fair Value	95,102
Unrealized Losses
Less than 12 Months	(9,125)
Total Unrealized Losses	(9,125)
U.S. agency collateralized mortgage obligations
Fair Value
Less than 12 Months	3,200	10,613
12 Months or More	7,552	2,407
Total Fair Value	10,752	13,020
Unrealized Losses
Less than 12 Months	(370)	(202)
12 Months or More	(670)	(53)
Total Unrealized Losses	(1,040)	(255)
U.S. government agency securities
Fair Value
Less than 12 Months	1,280	6,896
12 Months or More	4,404
Total Fair Value	5,684	6,896
Unrealized Losses
Less than 12 Months	(7)	(56)
12 Months or More	(39)
Total Unrealized Losses	(46)	(56)
Municipal bonds
Fair Value
Less than 12 Months	8,214	17,748
12 Months or More	9,242
Total Fair Value	17,456	17,748
Unrealized Losses
Less than 12 Months	(1,189)	(389)
12 Months or More	(1,535)
Total Unrealized Losses	(2,724)	$ (389)
Corporate bonds
Fair Value
Less than 12 Months	20,245
Total Fair Value	20,245
Unrealized Losses
Less than 12 Months	(805)
Total Unrealized Losses	$ (805)

Investment Securities (Details)

Investment Securities (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022USD ($)item	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)securityitem	Mar. 31, 2021USD ($)	Jun. 30, 2021USD ($)item
Variable Interest Entity [Line Items]
Gross realized gains		$ 35	$ 62	$ 58
Gross realized losses				53
Proceeds from sale of securities	$ 0	$ 4,500	5,008	$ 12,365
Held to maturity securities, Amortized cost	$ 104,227		$ 104,227
Number of securities temporarily impaired | item	104		104		42
Number of equity securities | security			1
Equity securities	$ 2,404		$ 2,404
Unrealized loss on equity securities	236		96
Asset Pledged as Collateral
Variable Interest Entity [Line Items]
Pledged investment securities	$ 2,500		$ 2,500		$ 3,800

Loans - Major classifications o

Loans - Major classifications of loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 461,424		$ 465,629
Unearned loan origination fees	(767)		(820)
Allowance for loan losses	(3,479)	$ (3,564)	(3,613)	$ (3,599)	$ (3,587)	$ (3,519)
Net Loans	$ 457,178		$ 461,196
Percentage of loans	100.00%		100.00%
Residential real estate | 1-4 Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 151,435		$ 173,306
Allowance for loan losses	$ (582)	(605)	$ (709)	(715)	(766)	(682)
Percentage of loans	32.82%		37.22%
Residential real estate | Home equity and HELOCs
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 32,886		$ 37,222
Allowance for loan losses	$ (128)	(109)	$ (133)	(137)	(130)	(166)
Percentage of loans	7.13%		7.99%
Residential real estate | Construction Residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 10,917		$ 10,841
Allowance for loan losses	$ (349)	(326)	$ (487)	(504)	(463)	(526)
Percentage of loans	2.36%		2.33%
Commercial real estate | 1 - 4 family investor
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 102,857		$ 120,581
Allowance for loan losses	$ (629)	(742)	$ (843)	(836)	(835)	(801)
Percentage of loans	22.29%		25.90%
Commercial real estate | Multi-family (five or more)
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 12,417		$ 12,315
Allowance for loan losses	$ (122)	(116)	$ (159)	(172)	(161)	(123)
Percentage of loans	2.69%		2.64%
Commercial real estate | Commercial non-residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 138,280		$ 96,612
Allowance for loan losses	$ (1,378)	(1,320)	$ (854)	(842)	(851)	(727)
Percentage of loans	29.97%		20.75%
Commercial real estate | Construction and Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 4,979		$ 6,377
Allowance for loan losses	$ (186)		$ (362)	(349)		(396)
Percentage of loans	1.08%		1.37%
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 5,291		$ 5,145
Allowance for loan losses	$ (55)	(31)	$ (51)	(29)	(32)	(83)
Percentage of loans	1.15%		1.10%
Commercial | Construction and Land
Loans and Leases Receivable Disclosure [Line Items]
Allowance for loan losses	$ (186)	(265)		(349)	(334)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,362		$ 3,230
Allowance for loan losses	$ (50)	$ (50)	$ (15)	$ (15)	$ (15)	$ (15)
Percentage of loans	0.51%		0.70%

Loans - PPP (Details)

Loans - PPP (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)customer	Jun. 30, 2021USD ($)customer
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 461,424	$ 465,629
PPP Loans
Loans and Leases Receivable Disclosure [Line Items]
Amount of loan provided	$ 21	$ 1,500
Number of customers | customer	1	44
Small Business Administration, CARES Act, Monetary Relief [Member] | Payment Deferral
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 0
Mortgage Loan Serviced To Others
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 14,800	$ 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		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Allowance for credit losses:
Beginning balance	$ 3,564	$ 3,587	$ 3,613	$ 3,519
Charge-offs	(96)	(3)	(166)	(33)
Recoveries	1		52
(Recovery) provision for loan losses	10	15	(20)	113
Ending Balance	3,479	3,599	3,479	3,599
Allowance ending balance:
Collectively evaluated for impairment	3,479		3,479
Allowance for loan losses	3,479	3,599	3,479	3,599	$ 3,613
Loans receivable ,Individually evaluated for impairment	5,778		5,778
Loans receivable, Collectively evaluated for impairment	328,878		328,878
Total Loans	461,424		461,424		465,629
Acquired credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	162		162
Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	126,606		126,606
Residential real estate | 1-4 Family
Allowance for credit losses:
Beginning balance	605	766	709	682
Charge-offs	(73)	(3)	(88)	(3)
(Recovery) provision for loan losses	50	(48)	(39)	36
Ending Balance	582	715	582	715
Allowance ending balance:
Collectively evaluated for impairment	582		582		709
Allowance for loan losses	582	715	582	715	709
Loans receivable ,Individually evaluated for impairment	3,435		3,435		1,907
Loans receivable, Collectively evaluated for impairment	79,242		79,242		87,540
Total Loans	151,435		151,435		173,306
Residential real estate | 1-4 Family | Acquired credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	139		139		138
Residential real estate | 1-4 Family | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	68,619		68,619		83,721
Residential real estate | Home equity and HELOCs
Allowance for credit losses:
Beginning balance	109	130	133	166
Recoveries			8
(Recovery) provision for loan losses	19	7	(13)	(29)
Ending Balance	128	137	128	137
Allowance ending balance:
Collectively evaluated for impairment	128		128		133
Allowance for loan losses	128	137	128	137	133
Loans receivable ,Individually evaluated for impairment	451		451		578
Loans receivable, Collectively evaluated for impairment	16,344		16,344		14,617
Total Loans	32,886		32,886		37,222
Residential real estate | Home equity and HELOCs | Acquired credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	23		23		23
Residential real estate | Home equity and HELOCs | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	16,068		16,068		22,004
Residential real estate | Construction Residential
Allowance for credit losses:
Beginning balance	326	463	487	526
(Recovery) provision for loan losses	23	41	(138)	(22)
Ending Balance	349	504	349	504
Allowance ending balance:
Collectively evaluated for impairment	349		349		487
Allowance for loan losses	349	504	349	504	487
Loans receivable, Collectively evaluated for impairment	10,387		10,387		8,582
Total Loans	10,917		10,917		10,841
Residential real estate | Construction Residential | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	530		530		2,259
Commercial real estate | 1 - 4 family investor
Allowance for credit losses:
Beginning balance	742	835	843	801
Charge-offs			(55)
Recoveries			42
(Recovery) provision for loan losses	(113)	1	(201)	35
Ending Balance	629	836	629	836
Allowance ending balance:
Collectively evaluated for impairment	629		629		843
Allowance for loan losses	629	836	629	836	843
Loans receivable ,Individually evaluated for impairment	183		183		433
Loans receivable, Collectively evaluated for impairment	85,253		85,253		98,043
Total Loans	102,857		102,857		120,581
Commercial real estate | 1 - 4 family investor | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	17,421		17,421		22,105
Commercial real estate | Multi-family (five or more)
Allowance for credit losses:
Beginning balance	116	161	159	123
(Recovery) provision for loan losses	6	11	(37)	49
Ending Balance	122	172	122	172
Allowance ending balance:
Collectively evaluated for impairment	122		122		159
Allowance for loan losses	122	172	122	172	159
Loans receivable ,Individually evaluated for impairment	470		470		176
Loans receivable, Collectively evaluated for impairment	11,947		11,947		12,008
Total Loans	12,417		12,417		12,315
Commercial real estate | Multi-family (five or more) | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment					131
Commercial real estate | Commercial non-residential
Allowance for credit losses:
Beginning balance	1,320	851	854	727
(Recovery) provision for loan losses	58	(9)	524	115
Ending Balance	1,378	842	1,378	842
Allowance ending balance:
Collectively evaluated for impairment	1,378		1,378		854
Allowance for loan losses	1,378	842	1,378	842	854
Loans receivable ,Individually evaluated for impairment	1,239		1,239		892
Loans receivable, Collectively evaluated for impairment	115,767		115,767		68,530
Total Loans	138,280		138,280		96,612
Commercial real estate | Commercial non-residential | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	21,274		21,274		27,190
Commercial real estate | Construction and Land
Allowance for credit losses:
Beginning balance			362	396
(Recovery) provision for loan losses			(176)	(47)
Ending Balance	186	349	186	349
Allowance ending balance:
Collectively evaluated for impairment	186		186		362
Allowance for loan losses	186	349	186	349	362
Loans receivable, Collectively evaluated for impairment	4,979		4,979		6,377
Total Loans	4,979		4,979		6,377
Commercial
Allowance for credit losses:
Beginning balance	31	32	51	83
(Recovery) provision for loan losses	24	(3)	4	(54)
Ending Balance	55	29	55	29
Allowance ending balance:
Collectively evaluated for impairment	55		55		51
Allowance for loan losses	55	29	55	29	51
Loans receivable, Collectively evaluated for impairment	4,431		4,431		4,151
Total Loans	5,291		5,291		5,145
Commercial | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	860		860		994
Commercial | Construction and Land
Allowance for credit losses:
Beginning balance	265	334
(Recovery) provision for loan losses	(79)	15
Ending Balance	186	349	186	349
Allowance ending balance:
Allowance for loan losses	186	349	186	349
Consumer
Allowance for credit losses:
Beginning balance	50	15	15	15
Charge-offs	(23)		(23)	(30)
Recoveries	1		2
(Recovery) provision for loan losses	22		56	30
Ending Balance	50	15	50	15
Allowance ending balance:
Collectively evaluated for impairment	50		50		15
Allowance for loan losses	50	$ 15	50	$ 15	15
Loans receivable, Collectively evaluated for impairment	528		528		535
Total Loans	2,362		2,362		3,230
Consumer | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	$ 1,834		1,834		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	Mar. 31, 2022	Jun. 30, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 461,424	$ 465,629
Residential and Consumer Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	197,600	224,599
Residential and Consumer Loan | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	192,539	220,362
Residential and Consumer Loan | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	5,061	4,237
Commercial Loan Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	263,824	241,030
Commercial Loan Total | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	260,442	237,556
Commercial Loan Total | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	1,872	2,410
Commercial Loan Total | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	1,510	1,064
Residential real estate | 1-4 Family
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	151,435	173,306
Residential real estate | Home equity and HELOCs
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	32,886	37,222
Residential real estate | Construction Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	10,917	10,841
Residential real estate | Residential and Consumer Loan | 1-4 Family
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	151,435	173,306
Residential real estate | Residential and Consumer Loan | 1-4 Family | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	146,813	169,532
Residential real estate | Residential and Consumer Loan | 1-4 Family | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	4,622	3,774
Residential real estate | Residential and Consumer Loan | Home equity and HELOCs
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	32,886	37,222
Residential real estate | Residential and Consumer Loan | Home equity and HELOCs | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	32,570	36,877
Residential real estate | Residential and Consumer Loan | Home equity and HELOCs | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	316	345
Residential real estate | Residential and Consumer Loan | Construction Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	10,917	10,841
Residential real estate | Residential and Consumer Loan | Construction Residential | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	10,917	10,841
Commercial real estate | 1 - 4 family investor
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	102,857	120,581
Commercial real estate | 1 - 4 family investor | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	101,185	118,175
Commercial real estate | 1 - 4 family investor | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	1,561	2,054
Commercial real estate | 1 - 4 family investor | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	111	352
Commercial real estate | Multi-family (five or more)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	12,417	12,315
Commercial real estate | Multi-family (five or more) | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	11,947	12,139
Commercial real estate | Multi-family (five or more) | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	470	176
Commercial real estate | Commercial non-residential
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	138,280	96,612
Commercial real estate | Commercial non-residential | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	137,040	95,720
Commercial real estate | Commercial non-residential | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	311	356
Commercial real estate | Commercial non-residential | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	929	536
Commercial real estate | Construction and Land
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	4,979	6,377
Commercial real estate | Construction and Land | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	4,979	6,377
Commercial real estate | Construction and Land | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	0
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	5,291	5,145
Commercial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	5,291	5,145
Commercial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	0
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,362	3,230
Consumer | Residential and Consumer Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,362	3,230
Consumer | Residential and Consumer Loan | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,239	3,112
Consumer | Residential and Consumer Loan | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 123	$ 118

Loans - Loans Acquired with Det

Loans - Loans Acquired with Deteriorated Credit Quality (Details) - USD ($) $ in Thousands	2 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2020	Mar. 31, 2022	Jun. 30, 2021
Loans
Outstanding principal balance		$ 236	$ 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)	(12)	(40)
Ending balance	$ 53	$ 1	$ 13

Loans - Loan Delinquencies and

Loans - Loan Delinquencies and Non-accrual Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Financing Receivable, Past Due [Line Items]
Total Loans	$ 461,424		$ 461,424		$ 465,629
Recorded Investment Loans on Non-Accrual	6,536		6,536		5,301
Interest income	76	$ 8	229	$ 71
30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	2,338		2,338		1,953
60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	245		245		1,546
90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Loans	2,977		2,977		1,516
Past Due
Financing Receivable, Past Due [Line Items]
Loans	5,560		5,560		5,015
Current
Financing Receivable, Past Due [Line Items]
Current	455,702		455,702		460,453
Acquired credit impaired
Financing Receivable, Past Due [Line Items]
Loans	162		162		161
Residential real estate | 1-4 Family
Financing Receivable, Past Due [Line Items]
Total Loans	151,435		151,435		173,306
Recorded Investment Loans on Non-Accrual	4,622		4,622		3,774
Residential real estate | 1-4 Family | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	1,098		1,098		1,658
Residential real estate | 1-4 Family | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	197		197		561
Residential real estate | 1-4 Family | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Loans	2,601		2,601		989
Residential real estate | 1-4 Family | Past Due
Financing Receivable, Past Due [Line Items]
Loans	3,896		3,896		3,208
Residential real estate | 1-4 Family | Current
Financing Receivable, Past Due [Line Items]
Current	147,400		147,400		169,960
Residential real estate | 1-4 Family | Acquired credit impaired
Financing Receivable, Past Due [Line Items]
Loans	139		139		138
Residential real estate | Home equity and HELOCs
Financing Receivable, Past Due [Line Items]
Total Loans	32,886		32,886		37,222
Recorded Investment Loans on Non-Accrual	316		316		345
Residential real estate | Home equity and HELOCs | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	95		95		58
Residential real estate | Home equity and HELOCs | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	16		16		150
Residential real estate | Home equity and HELOCs | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Loans	205		205		80
Residential real estate | Home equity and HELOCs | Past Due
Financing Receivable, Past Due [Line Items]
Loans	316		316		288
Residential real estate | Home equity and HELOCs | Current
Financing Receivable, Past Due [Line Items]
Current	32,547		32,547		36,911
Residential real estate | Home equity and HELOCs | Acquired credit impaired
Financing Receivable, Past Due [Line Items]
Loans	23		23		23
Residential real estate | Construction Residential
Financing Receivable, Past Due [Line Items]
Total Loans	10,917		10,917		10,841
Residential real estate | Construction Residential | Current
Financing Receivable, Past Due [Line Items]
Current	10,917		10,917		10,841
Commercial real estate | 1 - 4 family investor
Financing Receivable, Past Due [Line Items]
Total Loans	102,857		102,857		120,581
Recorded Investment Loans on Non-Accrual	111		111		352
Commercial real estate | 1 - 4 family investor | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans					81
Commercial real estate | 1 - 4 family investor | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Loans					271
Commercial real estate | 1 - 4 family investor | Past Due
Financing Receivable, Past Due [Line Items]
Loans					352
Commercial real estate | 1 - 4 family investor | Current
Financing Receivable, Past Due [Line Items]
Current	102,857		102,857		120,229
Commercial real estate | Multi-family (five or more)
Financing Receivable, Past Due [Line Items]
Total Loans	12,417		12,417		12,315
Recorded Investment Loans on Non-Accrual	470		470		176
Commercial real estate | Multi-family (five or more) | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans					344
Commercial real estate | Multi-family (five or more) | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Loans	165		165		176
Commercial real estate | Multi-family (five or more) | Past Due
Financing Receivable, Past Due [Line Items]
Loans	165		165		520
Commercial real estate | Multi-family (five or more) | Current
Financing Receivable, Past Due [Line Items]
Current	12,252		12,252		11,795
Commercial real estate | Commercial non-residential
Financing Receivable, Past Due [Line Items]
Total Loans	138,280		138,280		96,612
Recorded Investment Loans on Non-Accrual	894		894		536
Commercial real estate | Commercial non-residential | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	1,145		1,145		92
Commercial real estate | Commercial non-residential | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans					491
Commercial real estate | Commercial non-residential | Past Due
Financing Receivable, Past Due [Line Items]
Loans	1,145		1,145		583
Commercial real estate | Commercial non-residential | Current
Financing Receivable, Past Due [Line Items]
Current	137,135		137,135		96,029
Commercial real estate | Construction and Land
Financing Receivable, Past Due [Line Items]
Total Loans	4,979		4,979		6,377
Commercial real estate | Construction and Land | Current
Financing Receivable, Past Due [Line Items]
Current	4,979		4,979		6,377
Commercial
Financing Receivable, Past Due [Line Items]
Total Loans	5,291		5,291		5,145
Commercial | Current
Financing Receivable, Past Due [Line Items]
Current	5,291		5,291		5,145
Consumer
Financing Receivable, Past Due [Line Items]
Total Loans	2,362		2,362		3,230
Recorded Investment Loans on Non-Accrual	123		123		118
Consumer | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans					64
Consumer | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	32		32
Consumer | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Loans	6		6
Consumer | Past Due
Financing Receivable, Past Due [Line Items]
Loans	38		38		64
Consumer | Current
Financing Receivable, Past Due [Line Items]
Current	$ 2,324		$ 2,324		$ 3,166

Loans - Impaired Loans (Details

Loans - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Financing Receivable, Impaired [Line Items]
Threshold past due period			90 days
Threshold past due period for larger companies			60 days
Residential real estate | 1-4 Family
Recorded Investment
Recorded Investment, With no related allowance recorded	$ 3,435		$ 3,435		$ 1,907
Recorded Investment	3,435		3,435		1,907
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	3,598		3,598		1,943
Unpaid Principal Balance	3,598		3,598		1,943
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	3,042	$ 1,885	2,301	$ 1,465
Average Recorded Investment	3,042	1,885	2,301	1,465
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded				9
Interest Income Recognized				9
Residential real estate | Home equity and HELOCs
Recorded Investment
Recorded Investment, With no related allowance recorded	451		451		578
Recorded Investment	451		451		578
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	451		451		587
Unpaid Principal Balance	451		451		587
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	445	626	491	643
Average Recorded Investment	445	626	491	643
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded	4	5	13	15
Interest Income Recognized	4	5	13	15
Commercial real estate | 1 - 4 family investor
Recorded Investment
Recorded Investment, With no related allowance recorded	183		183		433
Recorded Investment	183		183		433
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded					477
Unpaid Principal Balance	192		192		477
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	207	324	340	324
Average Recorded Investment	207	324	340	324
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded	1	1	3	4
Interest Income Recognized	1	1	3	4
Commercial real estate | Multi-family (five or more)
Recorded Investment
Recorded Investment, With no related allowance recorded	470		470		176
Recorded Investment	470		470		176
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	492		492		180
Unpaid Principal Balance	492		492		180
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	474	182	394	183
Average Recorded Investment	474	182	394	183
Commercial real estate | Commercial non-residential
Recorded Investment
Recorded Investment, With no related allowance recorded	1,239		1,239		892
Recorded Investment	1,239		1,239		892
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	1,287		1,287		900
Unpaid Principal Balance	1,287		1,287		$ 900
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	1,249	1,059	1,023	897
Average Recorded Investment	1,249	1,059	1,023	897
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded	6	8	17	26
Interest Income Recognized	6	$ 8	17	$ 26
Commercial
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	5		2
Average Recorded Investment	$ 5		$ 2

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)loan	Mar. 31, 2021USD ($)	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)
Financing Receivable, Impaired [Line Items]
Troubled debt restructuring	$ 772	$ 964	$ 772	$ 964
Interest income on accruing TDR	10		33
Total Loans	461,424		461,424		$ 465,629
Impairment on TDR	55	50	$ 128	150
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	0		$ 0
Period of principal and interest deferment			3 months
Acquired credit impaired
Financing Receivable, Impaired [Line Items]
Loans acquired	$ 162	$ 161	$ 162	$ 161

Premises and Equipment - Compon

Premises and Equipment - Components (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Gross value	$ 18,591	$ 17,991
Accumulated depreciation	(5,230)	(4,552)
Net book value	13,361	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	13,346	12,932
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Gross value	2,606	2,428
Automobiles
Property, Plant and Equipment [Line Items]
Gross value	$ 58	$ 50

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Premises and Equipment
Depreciation expense	$ 252	$ 229	$ 722	$ 757

Goodwill and Intangibles - Summ

Goodwill and Intangibles - Summary (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2022	Mar. 31, 2021
Goodwill
Beginning Balance	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858
Ending Balance	4,858	4,858	4,858	4,858	4,858	4,858	4,858	4,858
Core Deposit Intangibles
Beginning Balance	824	880	937	1,064	1,128	1,192	937	1,192
Amortization	(56)	(56)	(57)	(64)	(64)	(64)	(169)	(192)
Ending Balance	$ 768	$ 824	$ 880	$ 1,000	$ 1,064	$ 1,128	$ 768	$ 1,000

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858
Core deposit intangibles	768	1,000	$ 768	1,000	937	$ 824	$ 880	$ 1,064	$ 1,128	$ 1,192
Estimated useful life			10 years
Goodwill impairment			$ 0		$ 0
Aggregate amortization expense	56	$ 64	169	$ 192
Audubon Savings Bank
Finite-Lived Intangible Assets [Line Items]
Goodwill	4,900		4,900
Core deposit intangibles	1,400		1,400
Fidelity Savings and Loan Association
Finite-Lived Intangible Assets [Line Items]
Core deposit intangibles	65		65
Washington Savings Bank
Finite-Lived Intangible Assets [Line Items]
Core deposit intangibles	$ 197		$ 197

Deposits - Weighted-average int

Deposits - Weighted-average interest rates (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Deposits.
Non-interest bearing checking	$ 62,356	$ 51,086
Interest bearing checking	128,471	104,214
Money market accounts	188,638	136,719
Savings and club accounts	106,099	100,781
Certificates of deposit	135,840	160,303
Total deposits	$ 621,404	$ 553,103

Advances from Federal Home Lo_3

Advances from Federal Home Loan Bank - Components (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Federal Home Loan Bank, Advances [Line Items]
Total FHLB advances	$ 20,000	$ 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
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	9 Months Ended
	Mar. 31, 2022USD ($)item	Mar. 31, 2021USD ($)	Jun. 30, 2021USD ($)
Advances from Federal Home Loan Bank
FHLB number of regional banks | item	11
Maximum borrowing capacity with FHLB	$ 291,200		$ 280,800
Loans pledged as collateral	420,800		407,400
Investments	1,700		$ 2,700
Repayment of FHLB advances	$ 21,000	$ 23,197

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Other Commitments [Line Items]
Commitments fixed expiration period	90 days
Commitments to extend credit
Other Commitments [Line Items]
Loan commitments	$ 30,119	$ 35,350
Unfunded commitments under lines of credit
Other Commitments [Line Items]
Loan commitments	$ 65,652	50,583
Standby letters of credit
Other Commitments [Line Items]
Loan commitments		$ 2,000

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details) $ in Thousands	Mar. 31, 2022USD ($)	Jun. 30, 2021USD ($)
Tier One Leverage, Amount
Leverage capital, actual amount	$ 155,769	$ 152,104
Capital adequacy, amount	34,135	32,203
Well capitalized, amount	$ 42,668	$ 40,254
Tier One Leverage, Ratio
Leverage capital, actual ratio	18.25	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	Mar. 31, 2022	Jun. 30, 2021
Investments available for sale:
Equity securities	$ 2,404
Fair value	169,613	$ 123,335
Mortgage-backed securities
Investments available for sale:
Fair value	100,517	55,064
U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value	10,752	15,433
U.S. government agency securities
Investments available for sale:
Fair value	5,684	6,896
Municipal bonds
Investments available for sale:
Fair value	17,456	19,861
Corporate bonds
Investments available for sale:
Fair value	35,204	26,081
Recurring
Investments available for sale:
Equity securities	2,404
Fair value	172,017
Fair value		123,335
Recurring | Mortgage-backed securities
Investments available for sale:
Fair value	100,517	55,064
Recurring | U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value	10,752	15,433
Recurring | U.S. government agency securities
Investments available for sale:
Fair value	5,684	6,896
Recurring | Municipal bonds
Investments available for sale:
Fair value	17,456	19,861
Recurring | Corporate bonds
Investments available for sale:
Fair value	35,204	26,081
Recurring | Level 1
Investments available for sale:
Equity securities	2,404
Fair value	2,404
Recurring | Level 2
Investments available for sale:
Fair value	169,613
Fair value		123,335
Recurring | Level 2 | Mortgage-backed securities
Investments available for sale:
Fair value	100,517	55,064
Recurring | Level 2 | U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value	10,752	15,433
Recurring | Level 2 | U.S. government agency securities
Investments available for sale:
Fair value	5,684	6,896
Recurring | Level 2 | Municipal bonds
Investments available for sale:
Fair value	17,456	19,861
Recurring | Level 2 | Corporate bonds
Investments available for sale:
Fair value	$ 35,204	$ 26,081

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Non-Recurring Basis (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Assets at fair value
Total assets at fair value	$ 1,756,000
Reserves on impaired loans	0	$ 0
Impaired loans
Assets at fair value
Total assets at fair value	1,756,000
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	1,756,000	75,000
Non-recurring basis | Level 3 | Impaired loans
Assets at fair value
Total assets at fair value	$ 1,756,000
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	Mar. 31, 2022USD ($)	Jun. 30, 2021USD ($)
Assets at fair value
Fair value estimate	$ 1,756
Impaired loans
Assets at fair value
Fair value estimate	1,756
Non-recurring basis
Assets at fair value
Fair value estimate		$ 75
Non-recurring basis | Level 3
Assets at fair value
Fair value estimate	1,756	75
Non-recurring basis | Impaired loans | Level 3
Assets at fair value
Fair value estimate	1,756
Non-recurring basis | Impaired loans | Level 3 | Appraisal adjustments
Assets at fair value
Fair value estimate	$ 1,756
Non-recurring basis | Impaired loans | Level 3 | Appraisal adjustments | Minimum
Assets at fair value
Measurement input	0
Non-recurring basis | Impaired loans | Level 3 | Appraisal adjustments | Maximum
Assets at fair value
Measurement input	7
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	Mar. 31, 2022	Jun. 30, 2021
Financial assets:
Loans receivable, net	$ 457,178	$ 461,196
Held to maturity securities, Amortized cost	104,227
Financial liabilities:
Certificates of deposit	135,840	160,303
Advances from Federal Home Loan Bank	20,000	41,000
Level 2
Financial assets:
Held to maturity securities, Amortized cost	95,102
Level 3
Financial assets:
Loans receivable, net	460,400	472,292
Financial liabilities:
Certificates of deposit	136,909	161,057
Advances from Federal Home Loan Bank	20,260	42,098
Carrying Value
Financial assets:
Loans receivable, net	457,178	461,196
Held to maturity securities, Amortized cost	104,227
Financial liabilities:
Certificates of deposit	135,840	160,303
Advances from Federal Home Loan Bank	20,000	41,000
Fair Value
Financial assets:
Loans receivable, net	460,400	472,292
Held to maturity securities, Amortized cost	95,102
Financial liabilities:
Certificates of deposit	136,909	161,057
Advances from Federal Home Loan Bank	$ 20,260	$ 42,098

Leases (Details)

Leases (Details) $ in Thousands, $ in Thousands	3 Months Ended				9 Months Ended
	Mar. 31, 2022USD ($)Office	Mar. 31, 2022USN ($)	Mar. 31, 2021USD ($)	Mar. 31, 2021USN ($)	Mar. 31, 2022USD ($)Office	Mar. 31, 2022USN ($)	Mar. 31, 2021USD ($)	Mar. 31, 2021USN ($)	Jun. 30, 2021USD ($)
Assets and Liabilities, Lessee [Abstract]
Operating lease right-of-use assets	$ 6,970				$ 6,970				$ 2,108
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Interest Receivable and Other Assets				Interest Receivable and Other Assets				Interest Receivable and Other Assets
Operating Lease, Liability [Abstract]
Operating lease liabilities	$ 7,064				$ 7,064				$ 2,307
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts Payable and Accrued Liabilities				Accounts Payable and Accrued Liabilities				Accounts Payable and Accrued Liabilities
ROU asset and lease liability					$ 5,200
Number of new branches opened | Office	2				2
Weighted average remaining lease term - Operating leases	17 years 8 months 12 days				17 years 8 months 12 days				9 years 9 months 18 days
Weighted average discount rate - Operating leases	2.01%				2.01%				1.76%
Net lease costs	$ 162	$ 162	$ 103	$ 103	$ 427	$ 427	$ 260	$ 260
Loss on lease abandonment	$ 117				$ 117
Doylestown in Bucks County, Pennsylvania
Operating Lease, Liability [Abstract]
Number of new branches opened | Office	1				1
Hamilton Township in Mercer County, New Jersey
Operating Lease, Liability [Abstract]
Number of new branches opened | Office	1				1

Leases - Summary of maturities

Leases - Summary of maturities of the Company's lease liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Lessee, Operating Lease, Liability, Payment, Due, Rolling Maturity [Abstract]
2023	$ 605
2024	613
2025	604
2026	441
2027	395
Thereafter	5,876
Total future minimum lease payments	8,534
Amounts representing interest	(1,470)
Present value of net future minimum lease payments	$ 7,064	$ 2,307

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 27, 2022	Apr. 20, 2022	Apr. 13, 2022	May 04, 2022	Mar. 31, 2022	Mar. 31, 2022	Mar. 31, 2021
Subsequent Events
Repayment of FHLB advances						$ 21,000	$ 23,197
Prepayment Penalties					$ 209	$ 273	$ 161
Subsequent Event
Subsequent Events
Repayment of FHLB advances	$ 15,000		$ 5,000
Prepayment Penalties	$ 176		$ 12
Dividends declared (in dollars per share)		$ 0.03
Number of shares purchased and retired				114,300
Average price per share				$ 12.40