William Penn Bancorporation (WMPN) 10-Q 3 Nov 22 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2022	Nov. 03, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 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		14,345,730
Entity Central Index Key	0001828376
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
ASSETS
Cash and due from banks	$ 9,082	$ 8,117
Interest bearing deposits with other banks	10,041	28,053
Total cash and cash equivalents	19,123	36,170
Interest-bearing time deposits	600	600
Securities available for sale	170,860	182,745
Securities held to maturity, fair value of $84,997 and $88,321, as of September 30, 2022 and June 30, 2022, respectively	104,376	102,135
Equity securities	1,985	2,258
Loans receivable, net of allowance for loan losses of $3,333 and $3,409 as of September 30, 2022 and June 30, 2022, respectively	472,499	475,511
Premises and equipment, net	11,553	11,696
Regulatory stock, at cost	3,379	3,807
Deferred income taxes	9,434	7,459
Bank-owned life insurance	39,443	39,170
Goodwill	4,858	4,858
Intangible assets	664	712
Operating lease right-of-use assets	6,716	6,843
Accrued interest receivable and other assets	6,005	5,988
TOTAL ASSETS	851,495	879,952
LIABILITIES
Deposits	600,174	606,617
Advances from Federal Home Loan Bank	55,000	65,000
Advances from borrowers for taxes and insurance	2,001	3,356
Operating lease liabilities	6,833	6,949
Accrued interest payable and other liabilities	6,293	5,704
TOTAL LIABILITIES	670,301	687,626
Commitments and contingencies (note 12)
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; 14,499,238 shares issued and outstanding at September 30, 2022 and 14,896,590 shares issued and outstanding at June 30, 2022	145	149
Additional paid-in capital	155,458	159,546
Unearned common stock held by employee stock ownership plan	(9,497)	(9,599)
Retained earnings	58,195	57,587
Accumulated other comprehensive loss	(23,107)	(15,357)
TOTAL WILLIAM PENN BANCORPORATION STOCKHOLDERS' EQUITY	181,194	192,326
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 851,495	$ 879,952

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
Fair value	$ 84,997	$ 88,321
Allowance for loan losses	$ 3,333	$ 3,409
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)	14,499,238	14,896,590
Common stock, outstanding (in shares)	14,499,238	14,896,590

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
INTEREST INCOME
Loans receivable, including fees	$ 5,297	$ 5,214
Securities	1,657	664
Other	129	106
Total interest income	7,083	5,984
INTEREST EXPENSE
Deposits	509	484
Borrowings	333	238
Total interest expense	842	722
Net interest income	6,241	5,262
Provision (recovery) for loan losses		(30)
NET INTEREST INCOME AFTER PROVISION (RECOVERY) FOR LOAN LOSSES	6,241	5,292
OTHER INCOME
Service fees	211	213
Net gain on sale of securities		62
Earnings on bank-owned life insurance	273	238
Unrealized (loss) gain on equity securities	(273)	105
Net loss on disposition of premises and equipment	(1)
Other	72	87
Total other income	282	705
OTHER EXPENSES
Salaries and employee benefits	3,241	2,712
Occupancy and equipment	788	675
Data processing	431	421
Professional fees	263	248
Amortization of intangible assets	48	57
Prepayment penalties		64
Other	792	690
Total other expense	5,563	4,867
Income before income taxes	960	1,130
Income tax benefit	(67)	(30)
NET INCOME	$ 1,027	$ 1,160
Basic earnings per share	$ 0.08	$ 0.08
Diluted earnings per share	$ 0.08	$ 0.08

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Net income	$ 1,027	$ 1,160
Other comprehensive loss:
Changes in net unrealized loss on securities available for sale	(10,066)	(710)
Tax effect	2,316	160
Reclassification adjustment for gain recognized in net income		(62)
Tax effect		14
Other comprehensive loss, net of tax	(7,750)	(598)
Comprehensive (loss) income	$ (6,723)	$ 562

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Unearned Common Stock held by ESOP	Retained Earnings	Accumulated Other Comprehensive Loss	Total
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
Increase (Decrease) in Stockholders' Equity
Net income				1,160		1,160
Other comprehensive 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, 2022	$ 149	159,546	(9,599)	57,587	(15,357)	$ 192,326
Beginning balance (in shares) at Jun. 30, 2022	14,896,590					14,896,590
Increase (Decrease) in Stockholders' Equity
Net income				1,027		$ 1,027
Other comprehensive loss					(7,750)	(7,750)
Restricted stock expense		289				289
Stock option expense		201				201
Stock purchased and retired	$ (4)	(4,578)				(4,582)
Stock purchased and retired (in shares)	(397,352)
ESOP shares committed to be released			102			102
Regular cash dividend paid				(419)		(419)
Ending balance at Sep. 30, 2022	$ 145	$ 155,458	$ (9,497)	$ 58,195	$ (23,107)	$ 181,194
Ending balance (in shares) at Sep. 30, 2022	14,499,238					14,499,238

CONSOLIDATED STATEMENTS OF CH_2

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

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income	$ 1,027	$ 1,160
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision (recovery) for loan losses		(30)
Depreciation expense	265	231
Other accretion, net	(133)	(258)
Net loss on disposition of premises and equipment	1
Amortization of core deposit intangibles	48	57
Amortization of ESOP	102	108
Net gain on sale of securities		(62)
Unrealized loss (gain) on equity securities	273	(105)
Earnings on bank-owned life insurance	(273)	(238)
Stock based compensation expense	490
Other, net	799	214
Net cash provided by operating activities	2,599	1,077
Securities available for sale:
Purchases	(1,923)	(10,100)
Maturities, calls and principal paydowns	3,637	2,896
Proceeds from sale of securities	0	5,008
Securities held to maturity:
Purchases	(4,484)	(38,252)
Maturities, calls and principal paydowns	2,243	122
Equity securities:
Purchases		(2,500)
Net decrease in loans receivable	3,181	7,369
Interest bearing time deposits:
Maturities and principal paydowns		500
Purchase of bank-owned life insurance		(2,000)
Regulatory stock purchases	(1,487)	(1)
Regulatory stock redemptions	1,915	358
Purchases of premises and equipment, net	(122)	(256)
Proceeds from the sale of premises and equipment	123
Net cash provided by (used in) investing activities	3,083	(36,856)
Cash flows from financing activities
Net (decrease) increase in deposits	(6,373)	8,223
Net repayment of short-term borrowed funds	(10,000)	(7,000)
Repurchase of common stock	(4,582)
Decrease in advances from borrowers for taxes and insurance	(1,355)	(1,667)
Cash dividends	(419)	(4,551)
Net cash used in financing activities	(22,729)	(4,995)
Net decrease in cash and cash equivalents	(17,047)	(40,774)
Cash and cash equivalents - beginning	36,170	168,722
Cash and cash equivalents - ending	19,123	127,948
Supplementary cash flows information
Interest paid	877	860
Income tax refunds	$ (467)	(575)
Operating lease right-of-use asset recorded		2,804
Operating lease liabilities recorded		2,804
Unsettled purchases of securities available for sale		$ 2,344

Nature of Operations

Nature of Operations	3 Months Ended
	Sep. 30, 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. 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	3 Months Ended
	Sep. 30, 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 September 30, 2022, WPSLA held $267.3 million of the Bank’s $277.2 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 months ended September 30, 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 sell and/or reclassify held-to-maturity debt securities that reference an interest rate affected by reference rate reform. The amendments in this ASU are effective for all entities upon issuance through December 31, 2022. This update is not expected to have a significant impact on the Company’s financial statements. 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	3 Months Ended
	Sep. 30, 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 months ended September 30, 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. The difference between common shares issued and basic average common shares outstanding, for purposes of calculating basic earnings per share, is a result of subtracting unallocated ESOP shares and unvested restricted stock shares. There are no convertible securities which would affect the numerator in calculating basic and diluted earnings per share; therefore, the net income of $1.0 million and $1.2 million for the three months ended September 30, 2022 and 2021, respectively, were used as the numerators. See Note 11 to these consolidated financial statements for further discussion of stock grants. The following table sets forth the composition of the weighted average common shares (denominator) used in the basic and diluted earnings per share computation. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ September 30, (Dollars in thousands, except share and per share amounts) ​ 2022 ​ 2021 Basic and diluted earnings per share: ​ ​ ​ ​ ​ ​ Net income ​ $ 1,027 ​ $ 1,160 ​ ​ ​ ​ ​ ​ ​ Basic average common shares outstanding ​ ​ 13,435,273 ​ ​ 14,301,956 Effect of dilutive securities ​ ​ 17,629 ​ ​ — Dilutive average shares outstanding ​ ​ 13,452,902 ​ ​ 14,301,956 Earnings per share: ​ ​ ​ ​ ​ ​ Basic ​ $ 0.08 ​ $ 0.08 Diluted ​ $ 0.08 ​ $ 0.08 ​

Changes in and Reclassification

Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss	3 Months Ended
	Sep. 30, 2022
Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss
Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss	Note 4 – Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss The following tables present the changes in the balances of each component of accumulated other comprehensive loss (“AOCI”) for the three months ended September 30, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ Unrealized Losses on Securities ​ ​ Available for Sale Accumulated Other Comprehensive Loss (1) ​ 2022 ​ 2021 Balance at June 30, ​ $ (15,357) ​ $ (64) Other comprehensive loss before reclassifications ​ (7,750) ​ (550) Amounts reclassified from accumulated other comprehensive loss ​ — ​ (48) Period change ​ (7,750) ​ (598) Balance at September 30, ​ $ (23,107) ​ $ (662) ​ (1) All amounts are net of tax. Related income tax expense is calculated using an income tax rate approximating 23% and 22% for 2022, and 2021, respectively. The following tables present reclassifications out of AOCI by component for the three months ended September 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Amounts Reclassified from Accumulated ​ ​ ​ ​ Other Comprehensive Loss (1) ​ ​ Details about Accumulated Other Comprehensive ​ Three Months Ended September 30, ​ Affected Line Item in the Loss Components 2022 ​ 2021 Consolidated Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ ​ Net securities gains reclassified into net income ​ $ — ​ $ 62 ​ Net gain on sale of securities Related income tax expense ​ ​ — ​ ​ (14) Income tax benefit ​ ​ $ — ​ $ 48 ​ ​ (1) Amounts in parenthesis indicate debits.

Investment Securities

Investment Securities	3 Months Ended
	Sep. 30, 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value Available For Sale: ​ Mortgage-backed securities ​ $ 129,145 ​ $ 3 ​ $ (19,734) ​ $ 109,414 U.S. agency collateralized mortgage obligations ​ ​ 10,660 ​ ​ — ​ ​ (1,714) ​ ​ 8,946 U.S. government agency securities ​ ​ 4,624 ​ ​ 25 ​ ​ (86) ​ ​ 4,563 Municipal bonds ​ ​ 20,141 ​ ​ — ​ ​ (5,699) ​ ​ 14,442 Corporate bonds ​ ​ 36,300 ​ ​ — ​ ​ (2,805) ​ ​ 33,495 Total Available For Sale ​ $ 200,870 ​ $ 28 ​ $ (30,038) ​ $ 170,860 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held To Maturity: ​ Mortgage-backed securities ​ $ 99,891 ​ $ — ​ $ (19,306) ​ $ 80,585 U.S. government agency securities ​ ​ 4,485 ​ ​ — ​ ​ (73) ​ ​ 4,412 Total Held To Maturity ​ $ 104,376 ​ $ — ​ $ (19,379) ​ $ 84,997 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value Available For Sale: ​ Mortgage-backed securities ​ $ 130,146 ​ $ 85 ​ $ (12,725) ​ $ 117,506 U.S. agency collateralized mortgage obligations ​ ​ 11,001 ​ ​ — ​ ​ (1,292) ​ ​ 9,709 U.S. government agency securities ​ ​ 5,082 ​ ​ 11 ​ ​ (55) ​ ​ 5,038 Municipal bonds ​ ​ 20,160 ​ ​ — ​ ​ (4,518) ​ ​ 15,642 Corporate bonds ​ ​ 36,300 ​ ​ 16 ​ ​ (1,466) ​ ​ 34,850 Total Available For Sale ​ $ 202,689 ​ $ 112 ​ $ (20,056) ​ $ 182,745 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held To Maturity: ​ Mortgage-backed securities ​ $ 102,135 ​ $ — ​ $ (13,814) ​ $ 88,321 Total Held To Maturity ​ $ 102,135 ​ $ — ​ $ (13,814) ​ $ 88,321 ​ The Company did not sell any investment securities during the three months ended September 30, 2022. The Company recognized $62 thousand of gross gains on the sale of $5.0 million of investment securities during the three months ended September 30, 2021. The 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 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 ​ 39 ​ 38 ​ 4,485 ​ 4,412 Due after five years through ten years ​ 40,488 ​ 36,980 ​ — ​ — Due after ten years ​ ​ 160,343 ​ ​ 133,842 ​ ​ 99,891 ​ ​ 80,585 ​ ​ $ 200,870 ​ $ 170,860 ​ $ 104,376 ​ $ 84,997 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables provide information on the gross unrealized losses and fair market value of the Company's investments with unrealized losses that are not deemed to be other than temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 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 $ 73,334 $ (11,368) $ 34,153 $ (8,366) $ 107,487 $ (19,734) U.S. agency collateralized mortgage obligations 1,334 (282) 7,612 ​ (1,432) 8,946 (1,714) U.S. government agency securities 61 (3) 1,224 (83) 1,285 (86) Municipal bonds 393 (119) 14,049 (5,580) 14,442 (5,699) Corporate bonds ​ 28,460 ​ (2,590) ​ 1,785 ​ (215) ​ 30,245 ​ (2,805) ​ ​ ​ 103,582 ​ ​ (14,362) ​ ​ 58,823 ​ ​ (15,676) ​ ​ 162,405 ​ ​ (30,038) Held To Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ 54,170 ​ (12,738) ​ 26,415 ​ (6,568) ​ ​ 80,585 ​ (19,306) U.S. government agency securities 4,412 (73) — — 4,412 (73) ​ ​ 58,582 ​ (12,811) ​ 26,415 ​ (6,568) ​ 84,997 ​ (19,379) Total Temporarily Impaired Securities $ 162,164 $ (27,173) $ 85,238 $ (22,244) $ 247,402 $ (49,417) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 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 $ 93,726 $ (10,351) $ 13,750 $ (2,374) $ 107,476 $ (12,725) U.S. agency collateralized mortgage obligations 2,968 (488) 6,741 ​ (804) 9,709 (1,292) U.S. government agency securities 61 (3) 1,556 (52) 1,617 (55) Municipal bonds 7,415 (1,979) 8,227 (2,539) 15,642 (4,518) Corporate bonds ​ 25,584 ​ (1,466) ​ — ​ — ​ 25,584 ​ (1,466) ​ ​ ​ 129,754 ​ ​ (14,287) ​ ​ 30,274 ​ ​ (5,769) ​ ​ 160,028 ​ ​ (20,056) Held To Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ 88,321 ​ (13,814) ​ — ​ — ​ ​ 88,321 ​ (13,814) ​ ​ 88,321 ​ (13,814) ​ — ​ — ​ 88,321 ​ (13,814) Total Temporarily Impaired Securities $ 218,075 $ (28,101) $ 30,274 $ (5,769) $ 248,349 $ (33,870) ​ 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 an 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 September 30, 2022 and June 30, 2022. There were 122 investment securities that were temporarily impaired at September 30, 2022 and 115 investment securities that were temporarily impaired at June 30, 2022. At September 30, 2022 and June 30, 2022, $1.8 million and $2.0 million, respectively, of investment securities were pledged to secure municipal deposits. ​ Equity Securities The Company had one equity security with a fair value of $2.0 million as of September 30, 2022 and $2.3 million as of June 30, 2022. During the three months ended September 30, 2022 and 2021, the Company recorded $273 thousand of unrealized losses and $105 thousand of unrealized gains, respectively, which were recorded in Unrealized (loss) gain on equity securities

Loans

Loans	3 Months Ended
	Sep. 30, 2022
Loans
Loans	Note 6 – Loans Major classifications of loans at September 30, 2022 and June 30, 2022 are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, ​ ​ 2022 ​ 2022 (Dollars in thousands) Amount Percent ​ Amount Percent ​ Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family $ 144,290 30.29 % $ 147,061 30.66 % Home equity and HELOCs ​ 32,235 ​ 6.76 ​ 32,529 ​ 6.78 Construction -residential ​ 11,630 ​ 2.44 ​ 14,834 ​ 3.09 ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ 94,794 ​ 19.89 ​ ​ 96,850 ​ 20.19 ​ Multi-family (five or more) ​ 14,922 ​ 3.13 ​ 13,069 ​ 2.72 ​ Commercial non-residential ​ 157,606 ​ 33.08 ​ 158,727 ​ 33.10 ​ Construction and land ​ ​ 7,953 ​ 1.67 ​ ​ 4,951 ​ 1.03 ​ Commercial ​ 10,932 ​ 2.29 ​ 9,409 ​ 1.96 ​ Consumer loans ​ 2,154 ​ 0.45 ​ 2,239 ​ 0.47 ​ Total Loans ​ 476,516 ​ 100.00 % 479,669 ​ 100.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unearned loan origination fees ​ (684) ​ ​ (749) ​ ​ ​ Allowance for loan losses ​ (3,333) ​ ​ (3,409) ​ ​ ​ Net Loans ​ $ 472,499 ​ ​ $ 475,511 ​ ​ ​ ​ 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 $13.5 million and $14.4 million at September 30, 2022 and June 30, 2022, 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. Commercial non-residential loans include shared national credits, which are participations in loans or loan commitments of at least $20.0 million that are shared by three or more banks. As of September 30, 2022 and June 30, 2022, the Company had one shared national credit loan commitment for $12.5 million with $8.3 million and $9.2 million outstanding, respectively, that is a purchased participation classified as pass rated and all payments are current and the loan is performing in accordance with its contractual terms. The Company’s accounting policies for shared national credits, including our charge off and reserve policy, are consistent with the significant accounting policies disclosed in our financial statements for the Company’s total loan portfolio. Shared national credits are subject to the same underwriting guidelines as loans originated by the Bank and are subject to annual reviews where the risk rating of the loan is evaluated. Additionally, the Bank obtains quarterly financial information and performs a financial analysis on a regular basis to ensure that the borrower can comply with the financial terms of the loan. The information used in the analysis is provided by the borrower through the agent bank. Allowance for Loan Losses. The provision for loan losses was determined by management to be an amount necessary to maintain a balance of allowance for loan losses at a level that considers all known and current losses in the loan portfolio as well as potential losses due to unknown factors such as the economic environment. Changes in the provision were based on management’s analysis of various factors such as: estimated fair value of underlying collateral, recent loss experience in particular segments of the portfolio, levels and trends in delinquent loans, and changes in general economic and business conditions. The Company considers the allowance for loan losses of $3.3 million and $3.4 million adequate to cover loan losses inherent in the loan portfolio at both September 30, 2022 and June 30, 2022, respectively. The following table presents by portfolio segment, the changes in the allowance for loan losses for the three months ended September 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 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 ​ $ 506 ​ $ 113 ​ $ 386 ​ $ 527 ​ $ 110 ​ $ 1,451 ​ $ 166 ​ $ 100 ​ $ 50 ​ $ 3,409 Charge-offs ​ (79) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (79) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ 3 Provision (recovery) ​ ​ 66 ​ ​ 3 ​ ​ (85) ​ ​ (32) ​ ​ 2 ​ ​ (20) ​ ​ 58 ​ ​ 11 ​ ​ (3) ​ ​ — Ending Balance ​ $ 493 ​ $ 116 ​ $ 301 ​ $ 495 ​ $ 112 ​ $ 1,431 ​ $ 224 ​ $ 111 ​ $ 50 ​ $ 3,333 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 Residential real estate: Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ Construction- ​ 1 - 4 family ​ Multi-family ​ Commercial ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollar amounts in thousands) ​ 1-4 family and HELOCs ​ residential ​ investor (five or more) non-residential and Land Commercial Consumer Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 709 ​ $ 133 ​ $ 487 ​ $ 843 ​ $ 159 ​ $ 854 ​ $ 362 ​ $ 51 ​ $ 15 ​ $ 3,613 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ 7 ​ — ​ — ​ — ​ — ​ — ​ — ​ 1 ​ 8 Provision (recovery) ​ (51) ​ (17) ​ (101) ​ 33 ​ (11) ​ 114 ​ 6 ​ (2) ​ (1) ​ (30) Ending Balance ​ $ 658 ​ $ 123 ​ $ 386 ​ $ 876 ​ $ 148 ​ $ 968 ​ $ 368 ​ $ 49 ​ $ 15 ​ $ 3,591 ​ During the three months ended September 30, 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 construction and land portfolio and a corresponding increase in the provision for loan losses for this portfolio. The overall decrease in the allowance during the three months ended September 30, 2022 can be primarily attributed to an improving asset quality and continued low levels of net charge-offs and non-performing assets. During the three months ended September 30, 2021, the changes in the provision for loan losses for each portfolio of loans were primarily due to fluctuations in the outstanding balance of each portfolio of loans collectively evaluated for impairment. The overall decrease in the allowance and provision credit during the three months ended September 30, 2021 can be primarily attributed to an improving economic outlook combined with continued stable asset quality metrics. The following tables present the allowance for loan losses and recorded investment by loan portfolio classification as September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 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 ​ 493 ​ 116 ​ 301 ​ 495 ​ 112 ​ 1,431 ​ 224 ​ 111 ​ 50 ​ 3,333 Total allowance ​ $ 493 ​ $ 116 ​ $ 301 ​ $ 495 ​ $ 112 ​ $ 1,431 ​ $ 224 ​ $ 111 ​ $ 50 ​ $ 3,333 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,605 ​ $ 343 ​ $ — ​ $ 99 ​ $ 291 ​ $ 1,474 ​ $ — ​ $ — ​ $ — ​ $ 3,812 Collectively evaluated for impairment ​ 80,250 ​ 15,810 ​ 11,630 ​ 80,666 ​ 14,378 ​ 138,332 ​ 7,953 ​ 10,311 ​ 521 ​ 359,851 Acquired non-credit impaired loans (1) ​ 62,302 ​ 16,059 ​ — ​ 14,029 ​ 253 ​ 17,800 ​ — ​ 621 ​ 1,633 ​ 112,697 Acquired credit impaired loans (2) ​ 133 ​ 23 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 156 Total portfolio ​ $ 144,290 ​ $ 32,235 ​ $ 11,630 ​ $ 94,794 ​ $ 14,922 ​ $ 157,606 ​ $ 7,953 ​ $ 10,932 ​ $ 2,154 ​ $ 476,516 (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, 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 ​ 506 ​ 113 ​ 386 ​ 527 ​ 110 ​ 1,451 ​ 166 ​ 100 ​ 50 ​ 3,409 Total allowance ​ $ 506 ​ $ 113 ​ $ 386 ​ $ 527 ​ $ 110 ​ $ 1,451 ​ $ 166 ​ $ 100 ​ $ 50 ​ $ 3,409 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable ending balance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 3,336 ​ $ 275 ​ $ — ​ $ 173 ​ $ 291 ​ $ 1,213 ​ $ — ​ $ — ​ $ — ​ $ 5,288 Collectively evaluated for impairment ​ 78,478 ​ 15,679 ​ 14,834 ​ 81,834 ​ 12,525 ​ 138,812 ​ 4,951 ​ 8,626 ​ 531 ​ 356,270 Acquired non-credit impaired loans (1) ​ 65,114 ​ 16,552 ​ — ​ 14,843 ​ 253 ​ 18,702 ​ — ​ 783 ​ 1,708 ​ 117,955 Acquired credit impaired loans (2) ​ 133 ​ 23 ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ 156 Total portfolio ​ $ 147,061 ​ $ 32,529 ​ $ 14,834 ​ $ 96,850 ​ $ 13,069 ​ $ 158,727 ​ $ 4,951 ​ $ 9,409 ​ $ 2,239 ​ $ 479,669 (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. ​ Credit Quality Information The following tables represent credit exposures by internally assigned grades as of September 30, 2022 and June 30, 2022. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all. The Company’s internal credit risk grading system is based on experiences with similarly graded loans. The Company’s internally assigned grades are as follows: Pass – loans which are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Special Mention – loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected. Substandard – loans that have a well-defined weakness based on objective evidence and are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful – loans classified as doubtful have all the weaknesses inherent in a substandard asset. In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances. Loss – loans classified as a loss are considered uncollectible, or of such value that continuance as an asset is not warranted. ​ The following tables set forth the amounts of the portfolio of classified asset categories for the commercial loan portfolios at September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ investor ​ Multi-family ​ Non-residential ​ and land ​ Commercial ​ Total Pass $ 93,322 ​ $ 14,631 $ 156,132 $ 7,953 $ 10,932 $ 282,970 Special Mention ​ ​ 1,373 ​ ​ — ​ ​ 289 ​ ​ — ​ ​ — ​ ​ 1,662 Substandard ​ ​ 99 ​ ​ 291 ​ ​ 1,185 ​ ​ — ​ ​ — ​ ​ 1,575 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending Balance ​ $ 94,794 ​ $ 14,922 ​ $ 157,606 ​ $ 7,953 ​ $ 10,932 ​ $ 286,207 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ investor ​ Multi-family ​ Non-residential ​ and land ​ Commercial ​ Total Pass $ 95,271 ​ $ 12,778 $ 157,514 $ 4,951 $ 9,409 $ 279,923 Special Mention ​ 1,473 ​ ​ — ​ ​ 300 ​ ​ — ​ ​ — ​ ​ 1,773 Substandard ​ 106 ​ ​ 291 ​ ​ 913 ​ ​ — ​ ​ — ​ ​ 1,310 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending Balance ​ $ 96,850 ​ $ 13,069 ​ $ 158,727 ​ $ 4,951 ​ $ 9,409 ​ $ 283,006 ​ The following tables set forth the amounts of the portfolio that are not rated by class of loans for the residential and consumer loan portfolios at September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential Real Estate and Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit Risk Internally Assigned ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family HELOCs Construction Consumer Total Performing $ 141,372 $ 32,046 $ 11,630 $ 2,038 $ 187,086 Non-performing ​ ​ 2,918 ​ ​ 189 ​ — ​ 116 ​ 3,223 ​ ​ $ 144,290 ​ $ 32,235 ​ $ 11,630 ​ $ 2,154 ​ $ 190,309 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family HELOCs Construction Consumer Total Performing $ 142,280 $ 32,188 $ 14,834 $ 2,122 $ 191,424 Non-performing ​ 4,781 ​ ​ 341 ​ — ​ 117 ​ 5,239 ​ ​ $ 147,061 ​ $ 32,529 ​ $ 14,834 ​ $ 2,239 ​ $ 196,663 ​ Loans Acquired with Deteriorated Credit Quality The outstanding principal and related carrying amount of loans acquired with deteriorated credit quality, for which the Company applies the provisions of ASC 310-30, as of September 30, 2022 and June 30, 2022, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 June 30, 2022 Outstanding principal balance ​ $ 229 ​ $ 229 Carrying amount ​ 156 ​ 156 ​ The accretable discount on loans acquired with deteriorated credit quality was fully accreted as of September 30, 2022 and June 30, 2022. ​ Loan Delinquencies and Non-accrual Loans Following are tables which include an aging analysis of the recorded investment of past due loans as of September 30, 2022 and June 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aged Analysis of Past Due and Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 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 $ 387 $ 960 $ 1,564 $ 2,911 $ 133 $ 141,246 $ 144,290 $ — $ 2,918 Home equity and HELOCs ​ ​ — ​ ​ — ​ ​ 38 ​ ​ 38 ​ ​ 23 ​ ​ 32,174 ​ ​ 32,235 ​ ​ — ​ ​ 189 Construction - residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 11,630 ​ ​ 11,630 ​ ​ — ​ ​ — Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 94,794 ​ ​ 94,794 ​ ​ — ​ ​ 99 Multi-family ​ ​ — ​ ​ 291 ​ ​ — ​ ​ 291 ​ ​ — ​ ​ 14,631 ​ ​ 14,922 ​ ​ — ​ ​ 291 Commercial non-residential ​ ​ — ​ ​ — ​ ​ 1,185 ​ ​ 1,185 ​ ​ — ​ ​ 156,421 ​ ​ 157,606 ​ ​ — ​ ​ 1,185 Construction and land ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 7,953 ​ ​ 7,953 ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10,932 ​ ​ 10,932 ​ ​ — ​ ​ — Consumer ​ ​ — ​ ​ 10 ​ ​ 32 ​ ​ 42 ​ ​ — ​ ​ 2,112 ​ ​ 2,154 ​ ​ — ​ ​ 116 Total ​ $ 387 ​ $ 1,261 ​ $ 2,819 ​ $ 4,467 ​ $ 156 ​ $ 471,893 ​ $ 476,516 ​ $ — ​ $ 4,798 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aged Analysis of Past Due and Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 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 $ 1,528 $ 622 $ 2,392 $ 4,542 $ 133 $ 142,386 $ 147,061 $ — $ 4,781 Home equity and HELOCs ​ 19 ​ ​ — ​ ​ 183 ​ ​ 202 ​ ​ 23 ​ ​ 32,304 ​ ​ 32,529 ​ ​ — ​ ​ 341 Construction - residential ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 14,834 ​ ​ 14,834 ​ ​ — ​ ​ — Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 96,850 ​ ​ 96,850 ​ ​ — ​ ​ 106 Multi-family ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 13,069 ​ ​ 13,069 ​ ​ — ​ ​ 291 Commercial non-residential ​ 275 ​ ​ 494 ​ ​ 418 ​ ​ 1,187 ​ ​ — ​ ​ 157,540 ​ ​ 158,727 ​ ​ — ​ ​ 875 Construction and land ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,951 ​ ​ 4,951 ​ ​ — ​ ​ — Commercial ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 9,409 ​ ​ 9,409 ​ ​ — ​ ​ — Consumer ​ 27 ​ ​ — ​ ​ — ​ ​ 27 ​ ​ — ​ ​ 2,212 ​ ​ 2,239 ​ ​ — ​ ​ 117 Total ​ $ 1,849 ​ $ 1,116 ​ $ 2,993 ​ $ 5,958 ​ $ 156 ​ $ 473,555 ​ $ 479,669 ​ $ — ​ $ 6,511 ​ Interest income on non-accrual loans that would have been recorded if these loans had performed in accordance with their terms was approximately $75 thousand and $65 thousand during the three months ended September 30, 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 September 30, 2022 and June 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (Dollars in thousands) Investment Balance Allowance With no related allowance recorded: ​ ​ ​ 1 - 4 family residential real estate ​ $ 1,605 ​ $ 1,719 ​ $ — Home equity and HELOCs ​ 343 ​ 344 ​ — Construction residential ​ — ​ — ​ — 1 - 4 family investor commercial real estate ​ ​ 99 ​ ​ 112 ​ ​ — Multi-family ​ ​ 291 ​ ​ 308 ​ ​ — Commercial non-residential ​ 1,474 ​ 1,527 ​ — 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 ​ $ 1,605 ​ $ 1,719 ​ $ — Home equity and HELOCs ​ 343 ​ 344 ​ — Construction residential ​ — ​ — ​ — 1 - 4 family investor commercial real estate ​ ​ 99 ​ ​ 112 ​ ​ — Multi-family ​ 291 ​ 308 ​ — Commercial non-residential ​ 1,474 ​ 1,527 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ The impaired loans table above includes accruing troubled debt restructurings (“TDRs”) in the amount of $586 thousand that are performing in accordance with their modified terms. The Company recognized $10 thousand of interest income on accruing TDRs during the three months ended September 30, 2022. The table above does not include $156 thousand of loans acquired with deteriorated credit quality, which have been recorded at their fair value at acquisition. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (Dollars in thousands) Investment Balance Allowance With no related allowance recorded: ​ ​ ​ 1-4 Family residential real estate ​ $ 3,336 ​ $ 3,582 ​ $ — Home equity and HELOCs ​ 275 ​ 277 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 173 ​ ​ 185 ​ ​ — Multi-family ​ 291 ​ ​ 308 ​ ​ — Commercial non-residential ​ 1,213 ​ 1,265 ​ — 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 ​ $ 3,336 ​ $ 3,582 ​ $ — Home equity and HELOCs ​ 275 ​ 277 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 173 ​ ​ 185 ​ ​ — Multi-family ​ 291 ​ 308 ​ — Commercial non-residential ​ 1,213 ​ 1,265 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ The impaired loans table above includes accruing TDRs in the amount of $593 thousand that are performing in accordance with their modified terms. The Company recognized $12 thousand of interest income on accruing TDRs during the three months ended September 30, 2021. The table above does not include $156 thousand of loans acquired with deteriorated credit quality, which have been recorded at their fair value at acquisition. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables include the average recorded investment balances for impaired loans and the interest income recognized for the three months ended September 30, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ Three Months Ended ​ ​ Average ​ Interest ​ ​ Recorded ​ Income (Dollars in thousands) Investment Recognized With no related allowance recorded: ​ ​ 1-4 family residential real estate ​ $ 2,476 ​ $ — Home equity and HELOCs ​ 385 ​ 4 Construction residential ​ — ​ — 1-4 family investor commercial real estate ​ ​ 121 ​ ​ 1 Multi-family ​ 291 ​ — Commercial non-residential ​ 1,348 ​ 5 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 ​ $ 2,476 ​ $ — Home equity and HELOCs ​ 385 ​ 4 Construction residential ​ — ​ — 1-4 family investor commercial real estate ​ ​ 121 ​ ​ 1 Multi-family ​ 291 ​ — Commercial non-residential ​ 1,348 ​ 5 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Three Months Ended ​ ​ Average ​ Interest ​ ​ Recorded ​ Income (Dollars in thousands) Investment Recognized With no related allowance recorded: ​ ​ 1-4 family residential real estate ​ $ 1,802 ​ $ — Home equity and HELOCs ​ 558 ​ 5 Construction residential ​ — ​ — 1-4 family investor commercial real estate ​ ​ 461 ​ ​ 1 Multi-family ​ 258 ​ — Commercial non-residential ​ 870 ​ 6 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ 1-4 family residential real estate ​ $ — ​ $ — Home equity and HELOCs ​ — ​ — Construction residential ​ — ​ — 1-4 family investor commercial real estate ​ ​ ​ ​ ​ ​ Multi-family ​ — ​ — Commercial non-residential ​ — ​ — Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ 1-4 family residential real estate ​ $ 1,802 ​ $ — Home equity and HELOCs ​ 558 ​ 5 Construction residential ​ — ​ — 1-4 family investor commercial real estate ​ ​ 461 ​ ​ 1 Multi-family ​ 258 ​ — Commercial non-residential ​ 870 ​ 6 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ Generally, the Bank will charge-off the collateral or discounted cash flow deficiency on all impaired loans. Interest income that would have been recorded for the three months ended September 30, 2022 and 2021, had impaired loans been current according to their original terms, amounted to $47 thousand and $34 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 September 30, 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 three months ended September 30, 2022 and 2021.

Premises and Equipment

Premises and Equipment	3 Months Ended
	Sep. 30, 2022
Premises and Equipment
Premises and Equipment	Note 7 – Premises and Equipment The components of premises and equipment are as follows as of September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, (Dollars in thousands) ​ 2022 ​ 2022 Land ​ $ 2,156 ​ $ 2,156 Office buildings and improvements ​ 11,391 ​ 11,769 Furniture, fixtures and equipment ​ 2,411 ​ 2,540 Automobiles ​ 58 ​ 58 ​ ​ 16,016 ​ 16,523 ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ (4,463) ​ (4,827) ​ ​ $ 11,553 ​ $ 11,696 ​ Depreciation expense amounted to $265 thousand for the three months ended September 30, 2022 and $231 thousand for the three months ended September 30, 2021. During the three months ended September 30, 2022, the Company made a strategic decision to close the Bank’s branch office located in Collingswood, New Jersey and to consolidate the deposits from this branch office into the Bank’s Audubon, New Jersey branch office after assessing the branch’s profitability and its close geographic proximity to the Audubon, New Jersey branch location.

Goodwill and Intangibles

Goodwill and Intangibles	3 Months Ended
	Sep. 30, 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, 2022, 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, 2022. During the three months ended September 30, 2022, management considered the current economic environment in its evaluation, and determined based on the totality of its qualitative assessment that it is not more likely than not that the carrying value of goodwill is impaired. No goodwill impairment existed during the three months ended September 30, 2022. Goodwill and other intangibles are summarized as follows for the periods presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Core Deposit (Dollars in thousands) ​ Goodwill ​ Intangibles Balance, June 30, 2022 ​ $ 4,858 ​ $ 712 Adjustments: ​ ​ Additions ​ — ​ — Amortization ​ — ​ (48) Balance, September 30, 2022 ​ $ 4,858 ​ $ 664 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ Aggregate amortization expense was $48 thousand and $57 thousand for the three months ended September 30, 2022 and 2021, respectively.

Deposits

Deposits	3 Months Ended
	Sep. 30, 2022
Deposits.
Deposits	Note 9 – Deposits Deposits consist of the following major classifications as of September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ September 30, 2022 ​ June 30, 2022 Non-interest bearing checking $ 63,135 $ 75,758 Interest bearing checking ​ ​ 129,955 ​ ​ 122,675 Money market accounts ​ ​ 174,283 ​ ​ 171,316 Savings and club accounts 103,435 105,507 Certificates of deposit 129,366 131,361 ​ $ 600,174 $ 606,617 ​

Advances from Federal Home Loan

Advances from Federal Home Loan Bank	3 Months Ended
	Sep. 30, 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 $296.1 million and $292.7 million at September 30, 2022 and June 30, 2022, respectively. FHLB advances are secured by qualifying assets of the Bank, which include Federal Home Loan Bank stock and loans. The Bank had $428.3 million and $423.1 million of loans pledged as collateral as of September 30, 2022 and June 30, 2022, 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 $3.1 million and $3.5 million at September 30, 2022 and June 30, 2022, respectively. Advances from the FHLB of Pittsburgh consisted of the following as of September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 June 30, 2022 FHLB advances: ​ ​ Convertible ​ $ — ​ $ — Fixed ​ ​ 55,000 ​ 65,000 Mid-term ​ ​ — ​ — Total FHLB advances ​ $ 55,000 ​ $ 65,000 ​

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Sep. 30, 2022
Stock Based Compensation
Stock Based Compensation	Note 11 – Stock Based Compensation Stock-based compensation is accounted for in accordance with FASB ASC Topic 718 for Compensation — Stock Compensation. The Company establishes fair value for its equity awards to determine their cost. The Company recognizes the related expense for employees over the appropriate vesting period, or when applicable, service period, using the straight-line method. However, consistent with the guidance, the amount of stock-based compensation recognized at any date must at least equal the portion of the grant date value of the award that is vested at that date. As a result, it may be necessary to recognize the expense using a ratable method. The Company held a special meeting of shareholders on May 10, 2022, at which meeting the shareholders of the Company approved the William Penn Bancorporation 2022 Equity Incentive Plan (the “Plan”). During the year ended June 30, 2022, the Company granted 492,960 shares of restricted stock, with a weighted average grant date fair value of $11.67 per share. To fund the grant of restricted common stock, the Company issued shares from authorized but unissued shares. Restricted shares granted under the Plan vest in equal installments over a five year period. Compensation expense related to the restricted shares is recognized ratably over the vesting period in an amount which totals the market price of the Company’s stock at the grant date. The expense recognized for the restricted shares for the three months ended September 30, 2022 was $289 thousand. The expected future compensation expense related to the 492,960 non-vested restricted shares outstanding at September 30, 2022 is $5.3 million over a weighted average period of 4.63 years. ​ The following is a summary of the Company's restricted stock activity during the three months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Average Summary of Non-vested Restricted Stock Award Activity Shares ​ Grant Price Non-vested Restricted Stock Awards outstanding July 1, 2022 ​ ​ 492,960 ​ $ 11.67 Issued ​ ​ — ​ ​ — Vested ​ ​ — ​ ​ — Forfeited ​ ​ — ​ ​ — Non-vested Restricted Stock Awards outstanding September 30, 2022 ​ ​ 492,960 ​ $ 11.67 ​ ​ During the year ended June 30, 2022, the Company granted 1,232,400 stock options, with a weighted average grant date fair value of $3.24 per share. Stock options granted under the Plan vest in equal installments over a five year period. Stock options were granted at a weighted average exercise price of $11.67, which represents the 1.03% . ​ The following is a summary of the Company's stock option activity during the three months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Exercise Price Summary of Stock Option Activity Options ​ per Shares Beginning balance July 1, 2022 ​ ​ 1,232,400 ​ $ 11.67 Granted ​ ​ — ​ ​ — Exercised ​ ​ — ​ ​ — Forfeited ​ ​ — ​ ​ — Expired ​ ​ — ​ ​ — Ending balance September 30, 2022 ​ ​ 1,232,400 ​ $ 11.67 ​ ​ The weighted average remaining contractual term was approximately 9.63 years and 9.88 years as of September 30, 2022 and June 30, 2022, respectively. There was no aggregate intrinsic value for options outstanding as of September 30, 2022. The aggregate intrinsic value was $80 thousand for outstanding options as of June 30, 2022.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2022
Commitments and Contingencies.
Commitments and Contingencies	Note 12 – Commitments and Contingencies The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the Company’s Consolidated Statements of Financial Condition. A summary of the Company's loan commitments is as follows as of September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, (Dollars in thousands) ​ 2022 ​ 2022 Commitments to extend credit ​ $ 19,995 ​ $ 16,894 Unfunded commitments under lines of credit ​ 72,146 ​ 71,999 Standby letters of credit ​ 30 ​ 30 ​ Commitments to extend credit are agreements to lend to a customer if there is no violation of any condition established in the contract. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Commitments generally have 90-day fixed expiration dates or other termination clauses and may require payment of a fee. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation. Collateral held varies, but primarily includes residential and commercial real estate. Periodically, there have been other various claims and lawsuits against the Bank, such as claims to enforce liens, condemnation proceedings on properties in which it holds security interests, claims involving the making and servicing of real property loans and other issues incident to its business. The Bank is not a party to any pending legal proceedings that it believes would have a material adverse effect on its financial condition, results of operations or cash flows.

Regulatory Capital Requirements

Regulatory Capital Requirements	3 Months Ended
	Sep. 30, 2022
Regulatory Capital Requirements
Regulatory Capital Requirements	Note 13 - Regulatory Capital Requirements The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet the minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk-weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (described below) of tangible and core capital to total adjusted assets and of total capital to risk-weighted assets. As of September 30, 2022 and June 30, 2022, 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 September 30, 2022 and June 30, 2022, that the Bank meets all capital adequacy requirements to which it is subject. The leverage ratios of the Bank at September 30, 2022 and June 30, 2022 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CBLR Framework ​ As of September 30, 2022 ​ Actual ​ ​ Requirement ​ (Dollars in thousands except for ratios) Amount ​ Ratio ​ ​ Amount ​ Ratio ​ William Penn Bank: ​ ​ ​ Tier 1 leverage ​ $ 158,915 ​ 18.25 % ​ $ 78,380 ​ ​ 9.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CBLR Framework ​ As of June 30, 2022 ​ Actual ​ ​ Requirement ​ (Dollars in thousands except for ratios) Amount ​ Ratio ​ ​ Amount ​ Ratio ​ William Penn Bank: ​ ​ ​ Tier 1 leverage ​ $ 157,519 ​ 18.28 % ​ $ 77,547 ​ ​ 9.00 % ​

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Sep. 30, 2022
Fair Value of Financial Instruments
Fair Value of Financial Instruments	Note 14 – Fair Value of Financial Instruments The Company follows authoritative guidance under FASB ASC Topic 820 for Fair Value Measurements and Disclosures which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The definition of fair value under ASC 820 is the exchange price. The guidance clarifies that the exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability in the market in which the reporting entity would transact for the asset or liability. The definition focuses on the price that would be received to sell the asset or paid to transfer the liability (an exit price), not the price that would be paid to acquire the asset or received to assume the liability (an entry price). The guidance emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Fair value is based on quoted market prices, when available. If listed prices or quotes are not available, fair value is based on fair value models that use market participant or independently sourced market data which include: discount rate, interest rate yield curves, credit risk, default rates and expected cash flow assumptions. In addition, valuation adjustments may be made in the determination of fair value. These fair value adjustments may include amounts to reflect counter party credit quality, creditworthiness, liquidity, and other unobservable inputs that are applied consistently over time. These adjustments are estimated and, therefore, subject to significant management judgment, and at times, may be necessary to mitigate the possibility of error or revision in the model-based estimate of the fair value provided by the model. The methods described above may produce fair value calculations that may not be indicative of the net realizable value. While the Company believes its valuation methods are consistent with other financial institutions, the use of different methods or assumptions to determine fair values could result in different estimates of fair value. FASB ASC Topic 820 for Fair Value Measurements and Disclosures describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level 2: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level 3: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. The following table presents the assets required to be measured and reported on a recurring basis on the Company’s Consolidated Statements of Financial Condition at their fair value as of September 30, 2022 and June 30, 2022, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 (Dollars in thousands) Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Investments available for sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ — ​ $ 109,414 ​ $ — ​ $ 109,414 U.S. agency collateralized mortgage obligations ​ ​ — ​ ​ 8,946 ​ ​ — ​ ​ 8,946 U.S. government agency securities ​ ​ — ​ ​ 4,563 ​ ​ — ​ ​ 4,563 Municipal bonds ​ ​ — ​ ​ 14,442 ​ ​ — ​ ​ 14,442 Corporate bonds ​ ​ — ​ ​ 33,495 ​ ​ — ​ ​ 33,495 Equity securities ​ ​ 1,985 ​ ​ — ​ ​ — ​ ​ 1,985 Total Assets ​ $ 1,985 ​ $ 170,860 ​ $ — ​ $ 172,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 (Dollars in thousands) Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Investments available for sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ — ​ $ 117,506 ​ $ — ​ $ 117,506 U.S. agency collateralized mortgage obligations ​ — ​ 9,709 ​ — ​ 9,709 U.S. government agency securities ​ — ​ 5,038 ​ — ​ 5,038 Municipal bonds ​ — ​ 15,642 ​ — ​ 15,642 Corporate bonds ​ — ​ 34,850 ​ — ​ 34,850 Equity securities ​ ​ 2,258 ​ ​ — ​ ​ — ​ ​ 2,258 Total Assets ​ $ 2,258 ​ $ 182,745 ​ $ — ​ $ 185,003 ​ Assets and Liabilities Measured on a Non-Recurring Basis Certain assets and liabilities may be required to be measured at fair value on a nonrecurring basis in periods subsequent to their initial recognition. Generally, nonrecurring valuation is the result of the application of other accounting pronouncements which require assets and liabilities to be assessed for impairment or recorded at the lower of cost or fair value. Impaired loans are generally measured for impairment using the fair value of the collateral supporting the loan. Evaluating impaired loan collateral is based on Level 3 inputs utilizing outside appraisals adjusted by management for sales costs and other assumptions regarding market conditions to arrive at fair value. As of September 30, 2022 and June 30, 2022, the Company charged-off the collateral deficiency on impaired loans. As a result, there were no specific reserves on impaired loans as of September 30, 2022 and June 30, 2022. 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. There were no OREO properties held by the Company as of September 30, 2022. As of June 30, 2022, assets required to be measured and reported at fair value on a non-recurring basis are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 (Dollars in thousands) ​ Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Impaired loans $ — $ — $ 1,690 $ 1,690 Premises transferred to held for sale ​ ​ — ​ ​ — ​ ​ 1,596 ​ ​ 1,596 ​ ​ $ — ​ $ — ​ $ 3,286 ​ $ 3,286 ​ Quantitative information regarding assets measured at fair value on a non-recurring basis as of June 30, 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements ​ ​ Fair Value ​ Valuation ​ Unobservable ​ ​ (Dollars in thousands) Estimate Techniques Input Range June 30, 2022 ​ ​ Impaired loans ​ $ 1,690 Appraisal of collateral (1)(3) Appraisal adjustments (2) 0-7 % Premises transferred to held for sale ​ ​ 1,596 Appraisal of premises (1)(3) Appraisal adjustments (2) 0-1 % ​ (1) F air value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less any associated allowance. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. (3) Includes qualitative adjustments by management and estimated liquidation expenses. Management uses its best judgment in estimating the fair value of the Company's financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective year-ends and have not been reevaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each year-end. The following information should not be interpreted as an estimate of the fair value of the entire company since a fair value calculation is only provided for a limited portion of the Company's assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company's disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s financial instruments. Cash and Due from Banks and Interest-Bearing Time Deposits The carrying amounts of cash and amounts due from banks and interest-bearing time deposits approximate their fair value due to the relatively short time between origination of the instrument and its expected realization. Securities Available for Sale and Held to Maturity The fair value of investment and mortgage-backed securities is equal to the available quoted market price. If no quoted market price is available, fair value is estimated using the quoted market price for similar securities. Equity Securities The fair value of equity securities is equal to the available quoted market price. Loans Receivable The fair value is estimated by discounting future cash flows using current market inputs at which loans with similar terms are adjusted for liquidity and credit risk. Regulatory Stock The carrying amount of Federal Home Loan Bank stock approximates fair value because Federal Home Loan Bank stock can only be redeemed or sold at par value and only to the respective issuing government supported institution or to another member institution. Bank-Owned Life Insurance The Company reports bank-owned life insurance on its Consolidated Statements of Financial Condition at the cash surrender value. The carrying amount of bank-owned life insurance approximates fair value because the fair value of bank-owned life insurance is equal to the cash surrender value of the life insurance policies. Accrued Interest Receivable and Payable The carrying amount of accrued interest receivable and payable approximates fair value. Deposits Fair values for demand deposits, NOW accounts, savings and club accounts, and money market deposits are, by definition, equal to the amount payable on demand at the reporting date as these products have no stated maturity. Fair values of fixed-maturity certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates currently being offered on similar instruments with similar maturities. Advances from Federal Home Loan Bank Fair value of advances from Federal Home Loan Bank is estimated using discounted cash flow analyses, based on rates currently available to the Company for advances from Federal Home Loan Bank with similar terms and remaining maturities. Off-Balance Sheet Financial Instruments Fair value of commitments to extend credit is estimated using the fees currently charged to enter into similar agreements, considering market interest rates, the remaining terms and present credit worthiness of the counterparties. In accordance with FASB ASC Topic 825 for Financial Instruments, Disclosures about Fair Value of Financial Instruments The following tables set forth the carrying value of financial assets and liabilities and the fair value for certain financial instruments that are not required to be measured or reported at fair value on the Consolidated Statements of Financial Condition for the periods indicated. The tables below exclude financial instruments for which the carrying amount approximates fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at September 30, 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 ​ $ 472,499 ​ $ 444,984 ​ $ — ​ $ — ​ $ 444,984 Securities held to maturity ​ ​ 104,376 ​ ​ 84,997 ​ ​ — ​ ​ 84,997 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 129,366 ​ 127,158 ​ — ​ — ​ 127,158 Advances from Federal Home Loan Bank ​ 55,000 ​ 55,000 ​ — ​ — ​ 55,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Off-balance sheet financial instruments ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 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 ​ $ 475,511 ​ $ 468,485 ​ $ — ​ $ — ​ $ 468,485 Securities held to maturity ​ ​ 102,135 ​ ​ 88,321 ​ ​ — ​ ​ 88,321 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 131,361 ​ 130,974 ​ — ​ — ​ 130,974 Advances from Federal Home Loan Bank ​ 65,000 ​ 65,000 ​ — ​ — ​ 65,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Off-balance sheet financial instruments ​ — ​ — ​ — ​ — ​ — ​

Leases

Leases	3 Months Ended
	Sep. 30, 2022
Leases
Leases	Note 15 – 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. Topic 842 requires the Company to recognize a right-of-use (“ROU”) asset and corresponding lease liability for each of its operating leases. The operating lease ROU asset was $6.7 million and $6.8 million as of September 30, 2022 and June 30, 2022, respectively, and the operating lease liability was $6.8 million and $6.9 million as of September 30, 2022 and June 30, 2022, respectively. 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. The calculated amount of the ROU assets and lease liabilities 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. ​ ​ ​ ​ ​ September 30, ​ ​ 2022 Weighted average remaining lease term ​ Operating leases 17.5 years Weighted average discount rate ​ ​ Operating leases 2.01 % ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2022 Weighted average remaining lease term ​ Operating leases 17.6 years Weighted average discount rate ​ ​ Operating leases 2.01 % ​ The Company recorded $162 thousand and $114 thousand of net lease costs during the three months ended September 30, 2022 and 2021, respectively. Future minimum payments for operating leases with initial or remaining terms of one year or more as of September 30, 2022 were as follows: ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2022 ​ ​ Operating (in thousands) ​ Leases Twelve months ended September 30, ​ 2023 ​ $ 609 2024 ​ 612 2025 ​ 547 2026 ​ 390 2027 ​ 400 Thereafter ​ 5,675 Total future minimum lease payments ​ $ 8,233 Amounts representing interest ​ (1,400) Present value of net future minimum lease payments ​ $ 6,833 ​

Subsequent Events

Subsequent Events	3 Months Ended
	Sep. 30, 2022
Subsequent Events
Subsequent Events	​ Note 16 – Subsequent Events ​ On October 19, 2022, the Company declared a cash dividend of $0.03 per share, payable on November 10, 2022, to common shareholders of record at the close of business on October 31, 2022. ​ ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended	9 Months Ended
	Sep. 30, 2022	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 September 30, 2022, WPSLA held $267.3 million of the Bank’s $277.2 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 months ended September 30, 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 sell and/or reclassify held-to-maturity debt securities that reference an interest rate affected by reference rate reform. The amendments in this ASU are effective for all entities upon issuance through December 31, 2022. This update is not expected to have a significant impact on the Company’s financial statements. 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)	3 Months Ended
	Sep. 30, 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 ​ ​ September 30, (Dollars in thousands, except share and per share amounts) ​ 2022 ​ 2021 Basic and diluted earnings per share: ​ ​ ​ ​ ​ ​ Net income ​ $ 1,027 ​ $ 1,160 ​ ​ ​ ​ ​ ​ ​ Basic average common shares outstanding ​ ​ 13,435,273 ​ ​ 14,301,956 Effect of dilutive securities ​ ​ 17,629 ​ ​ — Dilutive average shares outstanding ​ ​ 13,452,902 ​ ​ 14,301,956 Earnings per share: ​ ​ ​ ​ ​ ​ Basic ​ $ 0.08 ​ $ 0.08 Diluted ​ $ 0.08 ​ $ 0.08

Changes in and Reclassificati_2

Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Sep. 30, 2022
Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss
Schedule of changes in the balances of each component of accumulated other comprehensive loss ("AOCI")	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ Unrealized Losses on Securities ​ ​ Available for Sale Accumulated Other Comprehensive Loss (1) ​ 2022 ​ 2021 Balance at June 30, ​ $ (15,357) ​ $ (64) Other comprehensive loss before reclassifications ​ (7,750) ​ (550) Amounts reclassified from accumulated other comprehensive loss ​ — ​ (48) Period change ​ (7,750) ​ (598) Balance at September 30, ​ $ (23,107) ​ $ (662) ​ (1) All amounts are net of tax. Related income tax expense is calculated using an income tax rate approximating 23% and 22% for 2022, and 2021, respectively.
Schedule of reclassifications out of AOCI by component	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Amounts Reclassified from Accumulated ​ ​ ​ ​ Other Comprehensive Loss (1) ​ ​ Details about Accumulated Other Comprehensive ​ Three Months Ended September 30, ​ Affected Line Item in the Loss Components 2022 ​ 2021 Consolidated Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ ​ Net securities gains reclassified into net income ​ $ — ​ $ 62 ​ Net gain on sale of securities Related income tax expense ​ ​ — ​ ​ (14) Income tax benefit ​ ​ $ — ​ $ 48 ​ ​ (1) Amounts in parenthesis indicate debits.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Sep. 30, 2022
Investment Securities
Schedule of amortized cost, gross unrealized gains and losses, and estimated fair value of investments in debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value Available For Sale: ​ Mortgage-backed securities ​ $ 129,145 ​ $ 3 ​ $ (19,734) ​ $ 109,414 U.S. agency collateralized mortgage obligations ​ ​ 10,660 ​ ​ — ​ ​ (1,714) ​ ​ 8,946 U.S. government agency securities ​ ​ 4,624 ​ ​ 25 ​ ​ (86) ​ ​ 4,563 Municipal bonds ​ ​ 20,141 ​ ​ — ​ ​ (5,699) ​ ​ 14,442 Corporate bonds ​ ​ 36,300 ​ ​ — ​ ​ (2,805) ​ ​ 33,495 Total Available For Sale ​ $ 200,870 ​ $ 28 ​ $ (30,038) ​ $ 170,860 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held To Maturity: ​ Mortgage-backed securities ​ $ 99,891 ​ $ — ​ $ (19,306) ​ $ 80,585 U.S. government agency securities ​ ​ 4,485 ​ ​ — ​ ​ (73) ​ ​ 4,412 Total Held To Maturity ​ $ 104,376 ​ $ — ​ $ (19,379) ​ $ 84,997 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Value Available For Sale: ​ Mortgage-backed securities ​ $ 130,146 ​ $ 85 ​ $ (12,725) ​ $ 117,506 U.S. agency collateralized mortgage obligations ​ ​ 11,001 ​ ​ — ​ ​ (1,292) ​ ​ 9,709 U.S. government agency securities ​ ​ 5,082 ​ ​ 11 ​ ​ (55) ​ ​ 5,038 Municipal bonds ​ ​ 20,160 ​ ​ — ​ ​ (4,518) ​ ​ 15,642 Corporate bonds ​ ​ 36,300 ​ ​ 16 ​ ​ (1,466) ​ ​ 34,850 Total Available For Sale ​ $ 202,689 ​ $ 112 ​ $ (20,056) ​ $ 182,745 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held To Maturity: ​ Mortgage-backed securities ​ $ 102,135 ​ $ — ​ $ (13,814) ​ $ 88,321 Total Held To Maturity ​ $ 102,135 ​ $ — ​ $ (13,814) ​ $ 88,321
Schedule of amortized cost and fair value of debt securities by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 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 ​ 39 ​ 38 ​ 4,485 ​ 4,412 Due after five years through ten years ​ 40,488 ​ 36,980 ​ — ​ — Due after ten years ​ ​ 160,343 ​ ​ 133,842 ​ ​ 99,891 ​ ​ 80,585 ​ ​ $ 200,870 ​ $ 170,860 ​ $ 104,376 ​ $ 84,997 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of debt securities with unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 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 $ 73,334 $ (11,368) $ 34,153 $ (8,366) $ 107,487 $ (19,734) U.S. agency collateralized mortgage obligations 1,334 (282) 7,612 ​ (1,432) 8,946 (1,714) U.S. government agency securities 61 (3) 1,224 (83) 1,285 (86) Municipal bonds 393 (119) 14,049 (5,580) 14,442 (5,699) Corporate bonds ​ 28,460 ​ (2,590) ​ 1,785 ​ (215) ​ 30,245 ​ (2,805) ​ ​ ​ 103,582 ​ ​ (14,362) ​ ​ 58,823 ​ ​ (15,676) ​ ​ 162,405 ​ ​ (30,038) Held To Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ 54,170 ​ (12,738) ​ 26,415 ​ (6,568) ​ ​ 80,585 ​ (19,306) U.S. government agency securities 4,412 (73) — — 4,412 (73) ​ ​ 58,582 ​ (12,811) ​ 26,415 ​ (6,568) ​ 84,997 ​ (19,379) Total Temporarily Impaired Securities $ 162,164 $ (27,173) $ 85,238 $ (22,244) $ 247,402 $ (49,417) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 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 $ 93,726 $ (10,351) $ 13,750 $ (2,374) $ 107,476 $ (12,725) U.S. agency collateralized mortgage obligations 2,968 (488) 6,741 ​ (804) 9,709 (1,292) U.S. government agency securities 61 (3) 1,556 (52) 1,617 (55) Municipal bonds 7,415 (1,979) 8,227 (2,539) 15,642 (4,518) Corporate bonds ​ 25,584 ​ (1,466) ​ — ​ — ​ 25,584 ​ (1,466) ​ ​ ​ 129,754 ​ ​ (14,287) ​ ​ 30,274 ​ ​ (5,769) ​ ​ 160,028 ​ ​ (20,056) Held To Maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities ​ 88,321 ​ (13,814) ​ — ​ — ​ ​ 88,321 ​ (13,814) ​ ​ 88,321 ​ (13,814) ​ — ​ — ​ 88,321 ​ (13,814) Total Temporarily Impaired Securities $ 218,075 $ (28,101) $ 30,274 $ (5,769) $ 248,349 $ (33,870)

Loans (Tables)

Loans (Tables)	3 Months Ended
	Sep. 30, 2022
Loans
Schedule of major classifications of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, ​ ​ 2022 ​ 2022 (Dollars in thousands) Amount Percent ​ Amount Percent ​ Residential real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family $ 144,290 30.29 % $ 147,061 30.66 % Home equity and HELOCs ​ 32,235 ​ 6.76 ​ 32,529 ​ 6.78 Construction -residential ​ 11,630 ​ 2.44 ​ 14,834 ​ 3.09 ​ Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ 94,794 ​ 19.89 ​ ​ 96,850 ​ 20.19 ​ Multi-family (five or more) ​ 14,922 ​ 3.13 ​ 13,069 ​ 2.72 ​ Commercial non-residential ​ 157,606 ​ 33.08 ​ 158,727 ​ 33.10 ​ Construction and land ​ ​ 7,953 ​ 1.67 ​ ​ 4,951 ​ 1.03 ​ Commercial ​ 10,932 ​ 2.29 ​ 9,409 ​ 1.96 ​ Consumer loans ​ 2,154 ​ 0.45 ​ 2,239 ​ 0.47 ​ Total Loans ​ 476,516 ​ 100.00 % 479,669 ​ 100.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unearned loan origination fees ​ (684) ​ ​ (749) ​ ​ ​ Allowance for loan losses ​ (3,333) ​ ​ (3,409) ​ ​ ​ Net Loans ​ $ 472,499 ​ ​ $ 475,511 ​ ​ ​
Schedule for changes in the allowance for loan losses	The following table presents by portfolio segment, the changes in the allowance for loan losses for the three months ended September 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 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 ​ $ 506 ​ $ 113 ​ $ 386 ​ $ 527 ​ $ 110 ​ $ 1,451 ​ $ 166 ​ $ 100 ​ $ 50 ​ $ 3,409 Charge-offs ​ (79) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (79) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ 3 Provision (recovery) ​ ​ 66 ​ ​ 3 ​ ​ (85) ​ ​ (32) ​ ​ 2 ​ ​ (20) ​ ​ 58 ​ ​ 11 ​ ​ (3) ​ ​ — Ending Balance ​ $ 493 ​ $ 116 ​ $ 301 ​ $ 495 ​ $ 112 ​ $ 1,431 ​ $ 224 ​ $ 111 ​ $ 50 ​ $ 3,333 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 Residential real estate: Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ Home Equity ​ Construction- ​ 1 - 4 family ​ Multi-family ​ Commercial ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollar amounts in thousands) ​ 1-4 family and HELOCs ​ residential ​ investor (five or more) non-residential and Land Commercial Consumer Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 709 ​ $ 133 ​ $ 487 ​ $ 843 ​ $ 159 ​ $ 854 ​ $ 362 ​ $ 51 ​ $ 15 ​ $ 3,613 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ 7 ​ — ​ — ​ — ​ — ​ — ​ — ​ 1 ​ 8 Provision (recovery) ​ (51) ​ (17) ​ (101) ​ 33 ​ (11) ​ 114 ​ 6 ​ (2) ​ (1) ​ (30) Ending Balance ​ $ 658 ​ $ 123 ​ $ 386 ​ $ 876 ​ $ 148 ​ $ 968 ​ $ 368 ​ $ 49 ​ $ 15 ​ $ 3,591
Schedule of risk category of loans by class of loans	​ The following tables set forth the amounts of the portfolio of classified asset categories for the commercial loan portfolios at September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ investor ​ Multi-family ​ Non-residential ​ and land ​ Commercial ​ Total Pass $ 93,322 ​ $ 14,631 $ 156,132 $ 7,953 $ 10,932 $ 282,970 Special Mention ​ ​ 1,373 ​ ​ — ​ ​ 289 ​ ​ — ​ ​ — ​ ​ 1,662 Substandard ​ ​ 99 ​ ​ 291 ​ ​ 1,185 ​ ​ — ​ ​ — ​ ​ 1,575 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending Balance ​ $ 94,794 ​ $ 14,922 ​ $ 157,606 ​ $ 7,953 ​ $ 10,932 ​ $ 286,207 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family ​ ​ ​ ​ ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ investor ​ Multi-family ​ Non-residential ​ and land ​ Commercial ​ Total Pass $ 95,271 ​ $ 12,778 $ 157,514 $ 4,951 $ 9,409 $ 279,923 Special Mention ​ 1,473 ​ ​ — ​ ​ 300 ​ ​ — ​ ​ — ​ ​ 1,773 Substandard ​ 106 ​ ​ 291 ​ ​ 913 ​ ​ — ​ ​ — ​ ​ 1,310 Doubtful ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Loss ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending Balance ​ $ 96,850 ​ $ 13,069 ​ $ 158,727 ​ $ 4,951 ​ $ 9,409 ​ $ 283,006 ​ The following tables set forth the amounts of the portfolio that are not rated by class of loans for the residential and consumer loan portfolios at September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential Real Estate and Consumer Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Credit Risk Internally Assigned ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family HELOCs Construction Consumer Total Performing $ 141,372 $ 32,046 $ 11,630 $ 2,038 $ 187,086 Non-performing ​ ​ 2,918 ​ ​ 189 ​ — ​ 116 ​ 3,223 ​ ​ $ 144,290 ​ $ 32,235 ​ $ 11,630 ​ $ 2,154 ​ $ 190,309 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity & ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family HELOCs Construction Consumer Total Performing $ 142,280 $ 32,188 $ 14,834 $ 2,122 $ 191,424 Non-performing ​ 4,781 ​ ​ 341 ​ — ​ 117 ​ 5,239 ​ ​ $ 147,061 ​ $ 32,529 ​ $ 14,834 ​ $ 2,239 ​ $ 196,663
Summary of outstanding principal and related carrying amount of loans acquired with deteriorated credit quality	​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 June 30, 2022 Outstanding principal balance ​ $ 229 ​ $ 229 Carrying amount ​ 156 ​ 156
Schedule of aging analysis of past due loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aged Analysis of Past Due and Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 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 $ 387 $ 960 $ 1,564 $ 2,911 $ 133 $ 141,246 $ 144,290 $ — $ 2,918 Home equity and HELOCs ​ ​ — ​ ​ — ​ ​ 38 ​ ​ 38 ​ ​ 23 ​ ​ 32,174 ​ ​ 32,235 ​ ​ — ​ ​ 189 Construction - residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 11,630 ​ ​ 11,630 ​ ​ — ​ ​ — Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 94,794 ​ ​ 94,794 ​ ​ — ​ ​ 99 Multi-family ​ ​ — ​ ​ 291 ​ ​ — ​ ​ 291 ​ ​ — ​ ​ 14,631 ​ ​ 14,922 ​ ​ — ​ ​ 291 Commercial non-residential ​ ​ — ​ ​ — ​ ​ 1,185 ​ ​ 1,185 ​ ​ — ​ ​ 156,421 ​ ​ 157,606 ​ ​ — ​ ​ 1,185 Construction and land ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 7,953 ​ ​ 7,953 ​ ​ — ​ ​ — Commercial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10,932 ​ ​ 10,932 ​ ​ — ​ ​ — Consumer ​ ​ — ​ ​ 10 ​ ​ 32 ​ ​ 42 ​ ​ — ​ ​ 2,112 ​ ​ 2,154 ​ ​ — ​ ​ 116 Total ​ $ 387 ​ $ 1,261 ​ $ 2,819 ​ $ 4,467 ​ $ 156 ​ $ 471,893 ​ $ 476,516 ​ $ — ​ $ 4,798 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aged Analysis of Past Due and Non-accrual Loans ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 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 $ 1,528 $ 622 $ 2,392 $ 4,542 $ 133 $ 142,386 $ 147,061 $ — $ 4,781 Home equity and HELOCs ​ 19 ​ ​ — ​ ​ 183 ​ ​ 202 ​ ​ 23 ​ ​ 32,304 ​ ​ 32,529 ​ ​ — ​ ​ 341 Construction - residential ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 14,834 ​ ​ 14,834 ​ ​ — ​ ​ — Commercial real estate: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 family investor ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 96,850 ​ ​ 96,850 ​ ​ — ​ ​ 106 Multi-family ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 13,069 ​ ​ 13,069 ​ ​ — ​ ​ 291 Commercial non-residential ​ 275 ​ ​ 494 ​ ​ 418 ​ ​ 1,187 ​ ​ — ​ ​ 157,540 ​ ​ 158,727 ​ ​ — ​ ​ 875 Construction and land ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 4,951 ​ ​ 4,951 ​ ​ — ​ ​ — Commercial ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 9,409 ​ ​ 9,409 ​ ​ — ​ ​ — Consumer ​ 27 ​ ​ — ​ ​ — ​ ​ 27 ​ ​ — ​ ​ 2,212 ​ ​ 2,239 ​ ​ — ​ ​ 117 Total ​ $ 1,849 ​ $ 1,116 ​ $ 2,993 ​ $ 5,958 ​ $ 156 ​ $ 473,555 ​ $ 479,669 ​ $ — ​ $ 6,511
Summary of recorded investment and unpaid principal balances for impaired loans	The following tables include the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable, at September 30, 2022 and June 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (Dollars in thousands) Investment Balance Allowance With no related allowance recorded: ​ ​ ​ 1 - 4 family residential real estate ​ $ 1,605 ​ $ 1,719 ​ $ — Home equity and HELOCs ​ 343 ​ 344 ​ — Construction residential ​ — ​ — ​ — 1 - 4 family investor commercial real estate ​ ​ 99 ​ ​ 112 ​ ​ — Multi-family ​ ​ 291 ​ ​ 308 ​ ​ — Commercial non-residential ​ 1,474 ​ 1,527 ​ — 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 ​ $ 1,605 ​ $ 1,719 ​ $ — Home equity and HELOCs ​ 343 ​ 344 ​ — Construction residential ​ — ​ — ​ — 1 - 4 family investor commercial real estate ​ ​ 99 ​ ​ 112 ​ ​ — Multi-family ​ 291 ​ 308 ​ — Commercial non-residential ​ 1,474 ​ 1,527 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ The impaired loans table above includes accruing troubled debt restructurings (“TDRs”) in the amount of $586 thousand that are performing in accordance with their modified terms. The Company recognized $10 thousand of interest income on accruing TDRs during the three months ended September 30, 2022. The table above does not include $156 thousand of loans acquired with deteriorated credit quality, which have been recorded at their fair value at acquisition. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ ​ Recorded ​ Principal ​ Related (Dollars in thousands) Investment Balance Allowance With no related allowance recorded: ​ ​ ​ 1-4 Family residential real estate ​ $ 3,336 ​ $ 3,582 ​ $ — Home equity and HELOCs ​ 275 ​ 277 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 173 ​ ​ 185 ​ ​ — Multi-family ​ 291 ​ ​ 308 ​ ​ — Commercial non-residential ​ 1,213 ​ 1,265 ​ — 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 ​ $ 3,336 ​ $ 3,582 ​ $ — Home equity and HELOCs ​ 275 ​ 277 ​ — Construction Residential ​ — ​ — ​ — 1 - 4 Family investor commercial real estate ​ ​ 173 ​ ​ 185 ​ ​ — Multi-family ​ 291 ​ 308 ​ — Commercial non-residential ​ 1,213 ​ 1,265 ​ — Construction and land ​ — ​ — ​ — Commercial ​ — ​ — ​ — Consumer ​ — ​ — ​ — ​ The impaired loans table above includes accruing TDRs in the amount of $593 thousand that are performing in accordance with their modified terms. The Company recognized $12 thousand of interest income on accruing TDRs during the three months ended September 30, 2021. The table above does not include $156 thousand of loans acquired with deteriorated credit quality, which have been recorded at their fair value at acquisition. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following tables include the average recorded investment balances for impaired loans and the interest income recognized for the three months ended September 30, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ Three Months Ended ​ ​ Average ​ Interest ​ ​ Recorded ​ Income (Dollars in thousands) Investment Recognized With no related allowance recorded: ​ ​ 1-4 family residential real estate ​ $ 2,476 ​ $ — Home equity and HELOCs ​ 385 ​ 4 Construction residential ​ — ​ — 1-4 family investor commercial real estate ​ ​ 121 ​ ​ 1 Multi-family ​ 291 ​ — Commercial non-residential ​ 1,348 ​ 5 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 ​ $ 2,476 ​ $ — Home equity and HELOCs ​ 385 ​ 4 Construction residential ​ — ​ — 1-4 family investor commercial real estate ​ ​ 121 ​ ​ 1 Multi-family ​ 291 ​ — Commercial non-residential ​ 1,348 ​ 5 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Three Months Ended ​ ​ Average ​ Interest ​ ​ Recorded ​ Income (Dollars in thousands) Investment Recognized With no related allowance recorded: ​ ​ 1-4 family residential real estate ​ $ 1,802 ​ $ — Home equity and HELOCs ​ 558 ​ 5 Construction residential ​ — ​ — 1-4 family investor commercial real estate ​ ​ 461 ​ ​ 1 Multi-family ​ 258 ​ — Commercial non-residential ​ 870 ​ 6 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ 1-4 family residential real estate ​ $ — ​ $ — Home equity and HELOCs ​ — ​ — Construction residential ​ — ​ — 1-4 family investor commercial real estate ​ ​ ​ ​ ​ ​ Multi-family ​ — ​ — Commercial non-residential ​ — ​ — Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ 1-4 family residential real estate ​ $ 1,802 ​ $ — Home equity and HELOCs ​ 558 ​ 5 Construction residential ​ — ​ — 1-4 family investor commercial real estate ​ ​ 461 ​ ​ 1 Multi-family ​ 258 ​ — Commercial non-residential ​ 870 ​ 6 Construction and land ​ — ​ — Commercial ​ — ​ — Consumer ​ — ​ — ​

Premises and Equipment (Tables)

Premises and Equipment (Tables)	3 Months Ended
	Sep. 30, 2022
Premises and Equipment
Schedule of components of premises and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, (Dollars in thousands) ​ 2022 ​ 2022 Land ​ $ 2,156 ​ $ 2,156 Office buildings and improvements ​ 11,391 ​ 11,769 Furniture, fixtures and equipment ​ 2,411 ​ 2,540 Automobiles ​ 58 ​ 58 ​ ​ 16,016 ​ 16,523 ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ (4,463) ​ (4,827) ​ ​ $ 11,553 ​ $ 11,696

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	3 Months Ended
	Sep. 30, 2022
Goodwill and Intangibles
Schedule of goodwill and other intangibles	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Core Deposit (Dollars in thousands) ​ Goodwill ​ Intangibles Balance, June 30, 2022 ​ $ 4,858 ​ $ 712 Adjustments: ​ ​ Additions ​ — ​ — Amortization ​ — ​ (48) Balance, September 30, 2022 ​ $ 4,858 ​ $ 664 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Sep. 30, 2022
Deposits.
Schedule of classification of deposits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ September 30, 2022 ​ June 30, 2022 Non-interest bearing checking $ 63,135 $ 75,758 Interest bearing checking ​ ​ 129,955 ​ ​ 122,675 Money market accounts ​ ​ 174,283 ​ ​ 171,316 Savings and club accounts 103,435 105,507 Certificates of deposit 129,366 131,361 ​ $ 600,174 $ 606,617

Advances from Federal Home Lo_2

Advances from Federal Home Loan Bank (Tables)	3 Months Ended
	Sep. 30, 2022
Advances from Federal Home Loan Bank
Schedule of advances from FHLB	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, 2022 June 30, 2022 FHLB advances: ​ ​ Convertible ​ $ — ​ $ — Fixed ​ ​ 55,000 ​ 65,000 Mid-term ​ ​ — ​ — Total FHLB advances ​ $ 55,000 ​ $ 65,000

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Sep. 30, 2022
Stock Based Compensation
Schedule of restricted stock activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Average Summary of Non-vested Restricted Stock Award Activity Shares ​ Grant Price Non-vested Restricted Stock Awards outstanding July 1, 2022 ​ ​ 492,960 ​ $ 11.67 Issued ​ ​ — ​ ​ — Vested ​ ​ — ​ ​ — Forfeited ​ ​ — ​ ​ — Non-vested Restricted Stock Awards outstanding September 30, 2022 ​ ​ 492,960 ​ $ 11.67
Schedule of stock option activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Exercise Price Summary of Stock Option Activity Options ​ per Shares Beginning balance July 1, 2022 ​ ​ 1,232,400 ​ $ 11.67 Granted ​ ​ — ​ ​ — Exercised ​ ​ — ​ ​ — Forfeited ​ ​ — ​ ​ — Expired ​ ​ — ​ ​ — Ending balance September 30, 2022 ​ ​ 1,232,400 ​ $ 11.67

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Sep. 30, 2022
Commitments and Contingencies.
Schedule of company's loan commitments	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ June 30, (Dollars in thousands) ​ 2022 ​ 2022 Commitments to extend credit ​ $ 19,995 ​ $ 16,894 Unfunded commitments under lines of credit ​ 72,146 ​ 71,999 Standby letters of credit ​ 30 ​ 30

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	3 Months Ended
	Sep. 30, 2022
Regulatory Capital Requirements
Schedule of leverage ratios	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CBLR Framework ​ As of September 30, 2022 ​ Actual ​ ​ Requirement ​ (Dollars in thousands except for ratios) Amount ​ Ratio ​ ​ Amount ​ Ratio ​ William Penn Bank: ​ ​ ​ Tier 1 leverage ​ $ 158,915 ​ 18.25 % ​ $ 78,380 ​ ​ 9.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CBLR Framework ​ As of June 30, 2022 ​ Actual ​ ​ Requirement ​ (Dollars in thousands except for ratios) Amount ​ Ratio ​ ​ Amount ​ Ratio ​ William Penn Bank: ​ ​ ​ Tier 1 leverage ​ $ 157,519 ​ 18.28 % ​ $ 77,547 ​ ​ 9.00 %

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Sep. 30, 2022
Fair Value of Financial Instruments
Schedule of assets measured at fair value on recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 (Dollars in thousands) Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Investments available for sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ — ​ $ 109,414 ​ $ — ​ $ 109,414 U.S. agency collateralized mortgage obligations ​ ​ — ​ ​ 8,946 ​ ​ — ​ ​ 8,946 U.S. government agency securities ​ ​ — ​ ​ 4,563 ​ ​ — ​ ​ 4,563 Municipal bonds ​ ​ — ​ ​ 14,442 ​ ​ — ​ ​ 14,442 Corporate bonds ​ ​ — ​ ​ 33,495 ​ ​ — ​ ​ 33,495 Equity securities ​ ​ 1,985 ​ ​ — ​ ​ — ​ ​ 1,985 Total Assets ​ $ 1,985 ​ $ 170,860 ​ $ — ​ $ 172,845 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 (Dollars in thousands) Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Investments available for sale: ​ ​ ​ ​ Mortgage-backed securities ​ $ — ​ $ 117,506 ​ $ — ​ $ 117,506 U.S. agency collateralized mortgage obligations ​ — ​ 9,709 ​ — ​ 9,709 U.S. government agency securities ​ — ​ 5,038 ​ — ​ 5,038 Municipal bonds ​ — ​ 15,642 ​ — ​ 15,642 Corporate bonds ​ — ​ 34,850 ​ — ​ 34,850 Equity securities ​ ​ 2,258 ​ ​ — ​ ​ — ​ ​ 2,258 Total Assets ​ $ 2,258 ​ $ 182,745 ​ $ — ​ $ 185,003
Schedule of assets measured at fair value on non-recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 (Dollars in thousands) ​ Level I ​ Level II ​ Level III ​ Total Assets: ​ ​ ​ ​ Impaired loans $ — $ — $ 1,690 $ 1,690 Premises transferred to held for sale ​ ​ — ​ ​ — ​ ​ 1,596 ​ ​ 1,596 ​ ​ $ — ​ $ — ​ $ 3,286 ​ $ 3,286
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 June 30, 2022 ​ ​ Impaired loans ​ $ 1,690 Appraisal of collateral (1)(3) Appraisal adjustments (2) 0-7 % Premises transferred to held for sale ​ ​ 1,596 Appraisal of premises (1)(3) Appraisal adjustments (2) 0-1 % ​ (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 September 30, 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 ​ $ 472,499 ​ $ 444,984 ​ $ — ​ $ — ​ $ 444,984 Securities held to maturity ​ ​ 104,376 ​ ​ 84,997 ​ ​ — ​ ​ 84,997 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 129,366 ​ 127,158 ​ — ​ — ​ 127,158 Advances from Federal Home Loan Bank ​ 55,000 ​ 55,000 ​ — ​ — ​ 55,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Off-balance sheet financial instruments ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 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 ​ $ 475,511 ​ $ 468,485 ​ $ — ​ $ — ​ $ 468,485 Securities held to maturity ​ ​ 102,135 ​ ​ 88,321 ​ ​ — ​ ​ 88,321 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial instruments - liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 131,361 ​ 130,974 ​ — ​ — ​ 130,974 Advances from Federal Home Loan Bank ​ 65,000 ​ 65,000 ​ — ​ — ​ 65,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Off-balance sheet financial instruments ​ — ​ — ​ — ​ — ​ —

Leases (Tables)

Leases (Tables)	3 Months Ended
	Sep. 30, 2022
Leases
Schedule of weighted average remaining lease term and discount rate	​ ​ ​ ​ ​ September 30, ​ ​ 2022 Weighted average remaining lease term ​ Operating leases 17.5 years Weighted average discount rate ​ ​ Operating leases 2.01 % ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2022 Weighted average remaining lease term ​ Operating leases 17.6 years Weighted average discount rate ​ ​ Operating leases 2.01 %
Summary of maturities of the Company's lease liabilities	​ ​ ​ ​ ​ September 30, ​ ​ 2022 ​ ​ Operating (in thousands) ​ Leases Twelve months ended September 30, ​ 2023 ​ $ 609 2024 ​ 612 2025 ​ 547 2026 ​ 390 2027 ​ 400 Thereafter ​ 5,675 Total future minimum lease payments ​ $ 8,233 Amounts representing interest ​ (1,400) Present value of net future minimum lease payments ​ $ 6,833

Nature of Operations (Details)

Nature of Operations (Details) $ / shares in Units, $ in Thousands		3 Months Ended
	Mar. 24, 2021 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) Office	Sep. 30, 2021 USD ($)
Nature of Operations
ESOP shares committed to be released		$ 102	$ 108
Percentage of shares of the outstanding stock sold		6.97%
Number of full service branch offices | Office		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%
Percentage of aggregate purchase price of common stock	100%
ESOP shares committed to be released	$ 10,100
ESOP issued | shares	881,130
Ownership percentage held by parent (as a percent)		100%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - WPSLA Investment Corporation $ in Millions	Sep. 30, 2022 USD ($)
Summary of Significant Accounting Policies
Loans held in portfolio	$ 267.3
Investment securities portfolio	$ 277.2

Earnings Per Share - Computatio

Earnings Per Share - Computation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Composition of the weighted average common shares used in the basic and diluted earnings per share computation
Net income	$ 1,027	$ 1,160
Basic average common shares outstanding	13,435,273	14,301,956
Effect of dilutive securities	17,629
Dilutive average shares outstanding	13,452,902	14,301,956
Basic earnings per share	$ 0.08	$ 0.08
Diluted earnings per share	$ 0.08	$ 0.08

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share
Antidilutive securities	0	0
Net income	$ 1,027	$ 1,160

Changes in and Reclassificati_3

Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss - Changes in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income Loss
Beginning balance	$ 192,326	$ 216,926
Period change	(7,750)	(598)
Ending balance	$ 181,194	$ 213,045
Income tax rate	23%	22%
Unrealized Losses on Securities Available for Sale
Accumulated Other Comprehensive Income Loss
Beginning balance	$ (15,357)	$ (64)
Other comprehensive loss before reclassifications	(7,750)	(550)
Amounts reclassified from accumulated other comprehensive loss		(48)
Period change	(7,750)	(598)
Ending balance	$ (23,107)	$ (662)

Changes in and Reclassificati_4

Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss- Reclassifications out of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]
Net securities gains reclassified into net income		$ 62
Related income tax expense	$ 67	30
NET INCOME	$ 1,027	1,160
Reclassifications out of AOCI | Unrealized Losses on Securities Available for Sale
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]
Net securities gains reclassified into net income		62
Related income tax expense		(14)
NET INCOME		$ 48

Investment Securities - Availab

Investment Securities - Available for sale (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Available For Sale:
Amortized Cost	$ 200,870	$ 202,689
Gross Unrealized Gains	28	112
Gross Unrealized Losses	(30,038)	(20,056)
Fair value	170,860	182,745
Held To Maturity:
Held to maturity securities, Amortized cost	104,376	102,135
Gross Unrealized Losses	(19,379)	(13,814)
Fair value	84,997	88,321
Mortgage-backed securities
Available For Sale:
Amortized Cost	129,145	130,146
Gross Unrealized Gains	3	85
Gross Unrealized Losses	(19,734)	(12,725)
Fair value	109,414	117,506
Held To Maturity:
Held to maturity securities, Amortized cost	99,891	102,135
Gross Unrealized Losses	(19,306)	(13,814)
Fair value	80,585	88,321
U.S. agency collateralized mortgage obligations
Available For Sale:
Amortized Cost	10,660	11,001
Gross Unrealized Losses	(1,714)	(1,292)
Fair value	8,946	9,709
U.S. government agency securities
Available For Sale:
Amortized Cost	4,624	5,082
Gross Unrealized Gains	25	11
Gross Unrealized Losses	(86)	(55)
Fair value	4,563	5,038
Held To Maturity:
Held to maturity securities, Amortized cost	4,485
Gross Unrealized Losses	(73)
Fair value	4,412
Municipal bonds
Available For Sale:
Amortized Cost	20,141	20,160
Gross Unrealized Losses	(5,699)	(4,518)
Fair value	14,442	15,642
Corporate bonds
Available For Sale:
Amortized Cost	36,300	36,300
Gross Unrealized Gains		16
Gross Unrealized Losses	(2,805)	(1,466)
Fair value	$ 33,495	$ 34,850

Investment Securities - Securit

Investment Securities - Securities by contractual maturity (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Available for sale, Amortized Cost
Due after one year through five years	$ 39
Due after five years through ten years	40,488
Due after ten years	160,343
Amortized Cost	200,870
Available for sale, Fair Value
Due after one year through five years	38
Due after five years through ten years	36,980
Due after ten years	133,842
Fair Value	170,860
Held to maturity, Amortized Cost
Due after one year through five years	4,485
Due after ten years	99,891
Amortized Cost	104,376
Held to maturity, Fair Value
Due after one year through five years	4,412
Due after ten years	80,585
Fair Value	$ 84,997

Investment Securities - Investm

Investment Securities - Investments with unrealized losses (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Fair Value
Less than 12 Months	$ 103,582	$ 129,754
12 Months or More	58,823	30,274
Total Fair Value	162,405	160,028
Unrealized Losses
Less than 12 Months	(14,362)	(14,287)
12 Months or More	(15,676)	(5,769)
Total Unrealized Losses	(30,038)	(20,056)
Fair Value
Less than 12 Months	58,582	88,321
12 Months or More	26,415
Total Fair Value	84,997	88,321
Unrealized Losses
Less than 12 Months	(12,811)	(13,814)
12 Months or More	(6,568)
Total Unrealized Losses	(19,379)	(13,814)
Less than 12 Months Fair Value	162,164	218,075
12 Months or More Fair Value	85,238	30,274
Total Fair Value	247,402	248,349
Less than 12 Months Unrealized Losses	(27,173)	(28,101)
12 Months or More Unrealized Losses	(22,244)	(5,769)
Total Unrealized Losses	(49,417)	(33,870)
Mortgage-backed securities
Fair Value
Less than 12 Months	73,334	93,726
12 Months or More	34,153	13,750
Total Fair Value	107,487	107,476
Unrealized Losses
Less than 12 Months	(11,368)	(10,351)
12 Months or More	(8,366)	(2,374)
Total Unrealized Losses	(19,734)	(12,725)
Fair Value
Less than 12 Months	54,170	88,321
12 Months or More	26,415
Total Fair Value	80,585	88,321
Unrealized Losses
Less than 12 Months	(12,738)	(13,814)
12 Months or More	(6,568)
Total Unrealized Losses	(19,306)	(13,814)
U.S. agency collateralized mortgage obligations
Fair Value
Less than 12 Months	1,334	2,968
12 Months or More	7,612	6,741
Total Fair Value	8,946	9,709
Unrealized Losses
Less than 12 Months	(282)	(488)
12 Months or More	(1,432)	(804)
Total Unrealized Losses	(1,714)	(1,292)
U.S. government agency securities
Fair Value
Less than 12 Months	61	61
12 Months or More	1,224	1,556
Total Fair Value	1,285	1,617
Unrealized Losses
Less than 12 Months	(3)	(3)
12 Months or More	(83)	(52)
Total Unrealized Losses	(86)	(55)
Fair Value
Less than 12 Months	4,412
Total Fair Value	4,412
Unrealized Losses
Less than 12 Months	(73)
Total Unrealized Losses	(73)
Municipal bonds
Fair Value
Less than 12 Months	393	7,415
12 Months or More	14,049	8,227
Total Fair Value	14,442	15,642
Unrealized Losses
Less than 12 Months	(119)	(1,979)
12 Months or More	(5,580)	(2,539)
Total Unrealized Losses	(5,699)	(4,518)
Corporate bonds
Fair Value
Less than 12 Months	28,460	25,584
12 Months or More	1,785
Total Fair Value	30,245	25,584
Unrealized Losses
Less than 12 Months	(2,590)	(1,466)
12 Months or More	(215)
Total Unrealized Losses	$ (2,805)	$ (1,466)

Investment Securities (Details)

Investment Securities (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2022 USD ($) item security	Sep. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) item
Variable Interest Entity [Line Items]
Gross realized gains		$ 62
Proceeds from sale of securities	$ 0	5,008
Number of securities temporarily impaired | item	122		115
Number of equity securities | security	1
Equity securities	$ 1,985		$ 2,258
Unrealized (loss) gain on equity securities	$ (273)	$ 105
Financial Instrument, Owned, Pledged Status	Asset Pledged as Collateral without Right [Member]		Asset Pledged as Collateral without Right [Member]
Asset Pledged as Collateral
Variable Interest Entity [Line Items]
Pledged investment securities	$ 1,800		$ 2,000
Asset Pledged as Collateral without Right [Member]
Variable Interest Entity [Line Items]
Financial Instrument, Owned, Pledging Purpose	wmpn:MunicipalDeposits		wmpn:MunicipalDeposits

Loans - Major classifications o

Loans - Major classifications of loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 476,516	$ 479,669
Unearned loan origination fees	(684)	(749)
Allowance for loan losses	(3,333)	(3,409)	$ (3,591)	$ (3,613)
Net Loans	$ 472,499	$ 475,511
Percentage of loans	100%	100%
Residential real estate | 1-4 Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 144,290	$ 147,061
Allowance for loan losses	$ (493)	$ (506)	(658)	(709)
Percentage of loans	30.29%	30.66%
Residential real estate | Home equity and HELOCs
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 32,235	$ 32,529
Allowance for loan losses	$ (116)	$ (113)	(123)	(133)
Percentage of loans	6.76%	6.78%
Residential real estate | Construction Residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 11,630	$ 14,834
Allowance for loan losses	$ (301)	$ (386)	(386)	(487)
Percentage of loans	2.44%	3.09%
Commercial real estate | 1 - 4 family investor
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 94,794	$ 96,850
Allowance for loan losses	$ (495)	$ (527)	(876)	(843)
Percentage of loans	19.89%	20.19%
Commercial real estate | Multi-family (five or more)
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 14,922	$ 13,069
Allowance for loan losses	$ (112)	$ (110)	(148)	(159)
Percentage of loans	3.13%	2.72%
Commercial real estate | Commercial non-residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 157,606	$ 158,727
Allowance for loan losses	$ (1,431)	$ (1,451)	(968)	(854)
Percentage of loans	33.08%	33.10%
Commercial real estate | Construction and Land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 7,953	$ 4,951
Allowance for loan losses	$ (224)	$ (166)	(368)	(362)
Percentage of loans	1.67%	1.03%
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 10,932	$ 9,409
Allowance for loan losses	$ (111)	$ (100)	(49)	(51)
Percentage of loans	2.29%	1.96%
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 2,154	$ 2,239
Allowance for loan losses	$ (50)	$ (50)	$ (15)	$ (15)
Percentage of loans	0.45%	0.47%

Loans - PPP (Details)

Loans - PPP (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2022 USD ($) loan item	Jun. 30, 2022 USD ($) loan
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 476,516	$ 479,669
Threshold loan commitment	$ 20,000
Number of banks sharing national credits | item	3
Number of national credit | loan	1	1
Credit loan commitment	$ 12,500	$ 12,500
Loan commitment	8,300	9,200
Mortgage Loan Serviced To Others
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 13,500	$ 14,400
Servicing rights basis points received	25%

Loans - Allowance for loan loss

Loans - Allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Allowance for credit losses:
Beginning balance	$ 3,409	$ 3,613
Charge-offs	(79)
Recoveries	3	8
Provision (recovery) for loan losses		(30)
Ending Balance	3,333	3,591
Allowance ending balance:
Collectively evaluated for impairment	3,333		$ 3,409
Allowance for loan losses	3,333	3,591	3,409
Loans receivable ,Individually evaluated for impairment	3,812		5,288
Loans receivable, Collectively evaluated for impairment	359,851		356,270
Total Loans	476,516		479,669
Acquired credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	156		156
Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	112,697		117,955
Residential real estate | 1-4 Family
Allowance for credit losses:
Beginning balance	506	709
Charge-offs	(79)
Provision (recovery) for loan losses	66	(51)
Ending Balance	493	658
Allowance ending balance:
Collectively evaluated for impairment	493		506
Allowance for loan losses	493	658	506
Loans receivable ,Individually evaluated for impairment	1,605		3,336
Loans receivable, Collectively evaluated for impairment	80,250		78,478
Total Loans	144,290		147,061
Residential real estate | 1-4 Family | Acquired credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	133		133
Residential real estate | 1-4 Family | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	62,302		65,114
Residential real estate | Home equity and HELOCs
Allowance for credit losses:
Beginning balance	113	133
Recoveries		7
Provision (recovery) for loan losses	3	(17)
Ending Balance	116	123
Allowance ending balance:
Collectively evaluated for impairment	116		113
Allowance for loan losses	116	123	113
Loans receivable ,Individually evaluated for impairment	343		275
Loans receivable, Collectively evaluated for impairment	15,810		15,679
Total Loans	32,235		32,529
Residential real estate | Home equity and HELOCs | Acquired credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	23		23
Residential real estate | Home equity and HELOCs | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	16,059		16,552
Residential real estate | Construction Residential
Allowance for credit losses:
Beginning balance	386	487
Provision (recovery) for loan losses	(85)	(101)
Ending Balance	301	386
Allowance ending balance:
Collectively evaluated for impairment	301		386
Allowance for loan losses	301	386	386
Loans receivable, Collectively evaluated for impairment	11,630		14,834
Total Loans	11,630		14,834
Commercial real estate | 1 - 4 family investor
Allowance for credit losses:
Beginning balance	527	843
Provision (recovery) for loan losses	(32)	33
Ending Balance	495	876
Allowance ending balance:
Collectively evaluated for impairment	495		527
Allowance for loan losses	495	876	527
Loans receivable ,Individually evaluated for impairment	99		173
Loans receivable, Collectively evaluated for impairment	80,666		81,834
Total Loans	94,794		96,850
Commercial real estate | 1 - 4 family investor | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	14,029		14,843
Commercial real estate | Multi-family (five or more)
Allowance for credit losses:
Beginning balance	110	159
Provision (recovery) for loan losses	2	(11)
Ending Balance	112	148
Allowance ending balance:
Collectively evaluated for impairment	112		110
Allowance for loan losses	112	148	110
Loans receivable ,Individually evaluated for impairment	291		291
Loans receivable, Collectively evaluated for impairment	14,378		12,525
Total Loans	14,922		13,069
Commercial real estate | Multi-family (five or more) | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	253		253
Commercial real estate | Commercial non-residential
Allowance for credit losses:
Beginning balance	1,451	854
Provision (recovery) for loan losses	(20)	114
Ending Balance	1,431	968
Allowance ending balance:
Collectively evaluated for impairment	1,431		1,451
Allowance for loan losses	1,431	968	1,451
Loans receivable ,Individually evaluated for impairment	1,474		1,213
Loans receivable, Collectively evaluated for impairment	138,332		138,812
Total Loans	157,606		158,727
Commercial real estate | Commercial non-residential | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	17,800		18,702
Commercial real estate | Construction and Land
Allowance for credit losses:
Beginning balance	166	362
Provision (recovery) for loan losses	58	6
Ending Balance	224	368
Allowance ending balance:
Collectively evaluated for impairment	224		166
Allowance for loan losses	224	368	166
Loans receivable, Collectively evaluated for impairment	7,953		4,951
Total Loans	7,953		4,951
Commercial
Allowance for credit losses:
Beginning balance	100	51
Provision (recovery) for loan losses	11	(2)
Ending Balance	111	49
Allowance ending balance:
Collectively evaluated for impairment	111		100
Allowance for loan losses	111	49	100
Loans receivable, Collectively evaluated for impairment	10,311		8,626
Total Loans	10,932		9,409
Commercial | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	621		783
Consumer
Allowance for credit losses:
Beginning balance	50	15
Recoveries	3	1
Provision (recovery) for loan losses	(3)	(1)
Ending Balance	50	15
Allowance ending balance:
Collectively evaluated for impairment	50		50
Allowance for loan losses	50	$ 15	50
Loans receivable, Collectively evaluated for impairment	521		531
Total Loans	2,154		2,239
Consumer | Acquired non-credit impaired
Allowance ending balance:
Loans receivable, Collectively evaluated for impairment	$ 1,633		$ 1,708

Loans - Credit quality indicato

Loans - Credit quality indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 476,516	$ 479,669
Residential and Consumer Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	190,309	196,663
Residential and Consumer Loan | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	187,086	191,424
Residential and Consumer Loan | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	3,223	5,239
Commercial Loan Total
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	286,207	283,006
Commercial Loan Total | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	282,970	279,923
Commercial Loan Total | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	1,662	1,773
Commercial Loan Total | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	1,575	1,310
Residential real estate | 1-4 Family
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	144,290	147,061
Residential real estate | Home equity and HELOCs
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	32,235	32,529
Residential real estate | Construction Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	11,630	14,834
Residential real estate | Residential and Consumer Loan | 1-4 Family
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	144,290	147,061
Residential real estate | Residential and Consumer Loan | 1-4 Family | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	141,372	142,280
Residential real estate | Residential and Consumer Loan | 1-4 Family | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,918	4,781
Residential real estate | Residential and Consumer Loan | Home equity and HELOCs
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	32,235	32,529
Residential real estate | Residential and Consumer Loan | Home equity and HELOCs | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	32,046	32,188
Residential real estate | Residential and Consumer Loan | Home equity and HELOCs | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	189	341
Residential real estate | Residential and Consumer Loan | Construction Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	11,630	14,834
Residential real estate | Residential and Consumer Loan | Construction Residential | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	11,630	14,834
Commercial real estate | 1 - 4 family investor
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	94,794	96,850
Commercial real estate | 1 - 4 family investor | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	93,322	95,271
Commercial real estate | 1 - 4 family investor | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	1,373	1,473
Commercial real estate | 1 - 4 family investor | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	99	106
Commercial real estate | Multi-family (five or more)
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	14,922	13,069
Commercial real estate | Multi-family (five or more) | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	14,631	12,778
Commercial real estate | Multi-family (five or more) | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	291	291
Commercial real estate | Commercial non-residential
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	157,606	158,727
Commercial real estate | Commercial non-residential | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	156,132	157,514
Commercial real estate | Commercial non-residential | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	289	300
Commercial real estate | Commercial non-residential | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	1,185	913
Commercial real estate | Construction and Land
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	7,953	4,951
Commercial real estate | Construction and Land | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	7,953	4,951
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	10,932	9,409
Commercial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	10,932	9,409
Commercial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	0
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,154	2,239
Consumer | Residential and Consumer Loan
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,154	2,239
Consumer | Residential and Consumer Loan | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	2,038	2,122
Consumer | Residential and Consumer Loan | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans	$ 116	$ 117

Loans - Loans Acquired with Det

Loans - Loans Acquired with Deteriorated Credit Quality (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Loans
Outstanding principal balance	$ 229	$ 229
Carrying amount	$ 156	$ 156

Loans - Loan Delinquencies and

Loans - Loan Delinquencies and Non-accrual Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Financing Receivable, Past Due [Line Items]
Total Loans	$ 476,516		$ 479,669
Recorded Investment Loans on Non-Accrual	4,798		6,511
Interest income	75	$ 65
30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	387		1,849
60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,261		1,116
90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Past Due	2,819		2,993
Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	4,467		5,958
Current
Financing Receivable, Past Due [Line Items]
Current	471,893		473,555
Acquired credit impaired
Financing Receivable, Past Due [Line Items]
Total Past Due	156		156
Residential real estate | 1-4 Family
Financing Receivable, Past Due [Line Items]
Total Loans	144,290		147,061
Recorded Investment Loans on Non-Accrual	2,918		4,781
Residential real estate | 1-4 Family | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	387		1,528
Residential real estate | 1-4 Family | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	960		622
Residential real estate | 1-4 Family | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Past Due	1,564		2,392
Residential real estate | 1-4 Family | Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	2,911		4,542
Residential real estate | 1-4 Family | Current
Financing Receivable, Past Due [Line Items]
Current	141,246		142,386
Residential real estate | 1-4 Family | Acquired credit impaired
Financing Receivable, Past Due [Line Items]
Total Past Due	133		133
Residential real estate | Home equity and HELOCs
Financing Receivable, Past Due [Line Items]
Total Loans	32,235		32,529
Recorded Investment Loans on Non-Accrual	189		341
Residential real estate | Home equity and HELOCs | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due			19
Residential real estate | Home equity and HELOCs | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Past Due	38		183
Residential real estate | Home equity and HELOCs | Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	38		202
Residential real estate | Home equity and HELOCs | Current
Financing Receivable, Past Due [Line Items]
Current	32,174		32,304
Residential real estate | Home equity and HELOCs | Acquired credit impaired
Financing Receivable, Past Due [Line Items]
Total Past Due	23		23
Residential real estate | Construction Residential
Financing Receivable, Past Due [Line Items]
Total Loans	11,630		14,834
Residential real estate | Construction Residential | Current
Financing Receivable, Past Due [Line Items]
Current	11,630		14,834
Commercial real estate | 1 - 4 family investor
Financing Receivable, Past Due [Line Items]
Total Loans	94,794		96,850
Recorded Investment Loans on Non-Accrual	99		106
Commercial real estate | 1 - 4 family investor | Current
Financing Receivable, Past Due [Line Items]
Current	94,794		96,850
Commercial real estate | Multi-family (five or more)
Financing Receivable, Past Due [Line Items]
Total Loans	14,922		13,069
Recorded Investment Loans on Non-Accrual	291		291
Commercial real estate | Multi-family (five or more) | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	291
Commercial real estate | Multi-family (five or more) | Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	291
Commercial real estate | Multi-family (five or more) | Current
Financing Receivable, Past Due [Line Items]
Current	14,631		13,069
Commercial real estate | Commercial non-residential
Financing Receivable, Past Due [Line Items]
Total Loans	157,606		158,727
Recorded Investment Loans on Non-Accrual	1,185		875
Commercial real estate | Commercial non-residential | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due			275
Commercial real estate | Commercial non-residential | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due			494
Commercial real estate | Commercial non-residential | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Past Due	1,185		418
Commercial real estate | Commercial non-residential | Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	1,185		1,187
Commercial real estate | Commercial non-residential | Current
Financing Receivable, Past Due [Line Items]
Current	156,421		157,540
Commercial real estate | Construction and Land
Financing Receivable, Past Due [Line Items]
Total Loans	7,953		4,951
Commercial real estate | Construction and Land | Current
Financing Receivable, Past Due [Line Items]
Current	7,953		4,951
Commercial
Financing Receivable, Past Due [Line Items]
Total Loans	10,932		9,409
Commercial | Current
Financing Receivable, Past Due [Line Items]
Current	10,932		9,409
Consumer
Financing Receivable, Past Due [Line Items]
Total Loans	2,154		2,239
Recorded Investment Loans on Non-Accrual	116		117
Consumer | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due			27
Consumer | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	10
Consumer | 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Past Due	32
Consumer | Past Due
Financing Receivable, Past Due [Line Items]
Total Past Due	42		27
Consumer | Current
Financing Receivable, Past Due [Line Items]
Current	$ 2,112		$ 2,212

Loans - Impaired Loans (Details

Loans - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
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	$ 1,605		$ 3,336
Recorded Investment	1,605		3,336
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	1,719		3,582
Unpaid Principal Balance	1,719		3,582
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	2,476	$ 1,802
Average Recorded Investment	2,476	1,802
Residential real estate | Home equity and HELOCs
Recorded Investment
Recorded Investment, With no related allowance recorded	343		275
Recorded Investment	343		275
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	344		277
Unpaid Principal Balance	344		277
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	385	558
Average Recorded Investment	385	558
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded	4	5
Interest Income Recognized	4	5
Commercial real estate | 1 - 4 family investor
Recorded Investment
Recorded Investment, With no related allowance recorded	99		173
Recorded Investment	99		173
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded			185
Unpaid Principal Balance	112		185
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	121	461
Average Recorded Investment	121	461
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded	1	1
Interest Income Recognized	1	1
Commercial real estate | Multi-family (five or more)
Recorded Investment
Recorded Investment, With no related allowance recorded	291		291
Recorded Investment	291		291
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	308		308
Unpaid Principal Balance	308		308
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	291	258
Average Recorded Investment	291	258
Commercial real estate | Commercial non-residential
Recorded Investment
Recorded Investment, With no related allowance recorded	1,474		1,213
Recorded Investment	1,474		1,213
Unpaid Principal Balance
Unpaid Principal Balance, With no related allowance recorded	1,527		1,265
Unpaid Principal Balance	1,527		$ 1,265
Average Recorded Investment
Average Recorded Investment, With no related allowance recorded	1,348	870
Average Recorded Investment	1,348	870
Interest Income Recognized
Interest Income Recognized, With no related allowance recorded	5	6
Interest Income Recognized	$ 5	$ 6

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 USD ($) loan	Jun. 30, 2022 USD ($)
Financing Receivable, Impaired [Line Items]
Troubled debt restructuring	$ 586		$ 593
Interest income on accruing TDR	10	$ 12
Impairment on TDR	$ 47	$ 34
Number of contracts | loan	0	0
Acquired credit impaired
Financing Receivable, Impaired [Line Items]
Loans acquired	$ 156		$ 156

Premises and Equipment - Compon

Premises and Equipment - Components (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Gross value	$ 16,016	$ 16,523
Accumulated depreciation	(4,463)	(4,827)
Net book value	11,553	11,696
Land
Property, Plant and Equipment [Line Items]
Gross value	2,156	2,156
Office buildings and improvements
Property, Plant and Equipment [Line Items]
Gross value	11,391	11,769
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Gross value	2,411	2,540
Automobiles
Property, Plant and Equipment [Line Items]
Gross value	$ 58	$ 58

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Premises and Equipment
Depreciation expense	$ 265	$ 231

Goodwill and Intangibles - Summ

Goodwill and Intangibles - Summary (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Goodwill
Beginning Balance	$ 4,858	$ 4,858
Ending Balance	4,858	4,858
Core Deposit Intangibles
Beginning Balance	712	937
Amortization	(48)	(57)
Ending Balance	$ 664	$ 880

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 4,858	$ 4,858	$ 4,858	$ 4,858
Core deposit intangibles	$ 664	712	880	$ 937
Estimated useful life	10 years
Goodwill impairment	$ 0	$ 0
Aggregate amortization expense	48		$ 57
Audubon Savings Bank
Finite-Lived Intangible Assets [Line Items]
Goodwill	4,900
Core deposit intangibles	1,400
Fidelity Savings and Loan Association
Finite-Lived Intangible Assets [Line Items]
Core deposit intangibles	65
Washington Savings Bank
Finite-Lived Intangible Assets [Line Items]
Core deposit intangibles	$ 197

Deposits - Weighted-average int

Deposits - Weighted-average interest rates (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Deposits.
Non-interest bearing checking	$ 63,135	$ 75,758
Interest bearing checking	129,955	122,675
Money market accounts	174,283	171,316
Savings and club accounts	103,435	105,507
Certificates of deposit	129,366	131,361
Total deposits	$ 600,174	$ 606,617

Advances from Federal Home Lo_3

Advances from Federal Home Loan Bank (Details) $ in Millions	Sep. 30, 2022 USD ($) item	Jun. 30, 2022 USD ($)
Advances from Federal Home Loan Bank
FHLB number of regional banks | item	11
Maximum borrowing capacity with FHLB	$ 296.1	$ 292.7
Loans pledged as collateral	428.3	423.1
Investments	$ 3.1	$ 3.5

Advances from Federal Home Lo_4

Advances from Federal Home Loan Bank - Components (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Federal Home Loan Bank, Advances [Line Items]
Total FHLB advances	$ 55,000	$ 65,000
Fixed
Federal Home Loan Bank, Advances [Line Items]
Total FHLB advances	$ 55,000	$ 65,000

Stock Based Compensation - Plan

Stock Based Compensation - Plan and Restricted Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	May 10, 2022
Stock Based Compensation
Stock based compensation expense	$ 490
Restricted stock
Stock Based Compensation
Number of shares granted		492,960
Fair value of awards granted (in dollars per shares)		$ 11.67
Vesting period		5 years
Stock based compensation expense	$ 289
Non-vested Restricted Stock Awards outstanding (in shares)	492,960	492,960
Unrecognized compensation expense	$ 5,300
Unrecognized compensation expense recognition period	4 years 7 months 17 days
Stock options
Stock Based Compensation
Vesting period		5 years
Stock based compensation expense	$ 201
Unrecognized compensation expense recognition period	4 years 7 months 17 days
2022 Equity incentive plan
Stock Based Compensation
Shares authorized			1,769,604
2022 Equity incentive plan | Restricted stock
Stock Based Compensation
Shares authorized			505,601
2022 Equity incentive plan | Stock options
Stock Based Compensation
Shares authorized			1,264,003

Stock Based Compensation - Rest

Stock Based Compensation - Restricted stock activity (Details) - Restricted stock - $ / shares	12 Months Ended
	Jun. 30, 2022	Sep. 30, 2022
Number of shares
Non-vested Restricted Stock Awards outstanding (in shares)	492,960	492,960
Issued	492,960
Average grant price
Issued (in dollars per share)	$ 11.67
Non-vested Restricted Stock Awards outstanding (in dollars per share)	$ 11.67	$ 11.67

Stock Based Compensation - Opti

Stock Based Compensation - Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Fair value assumptions
Stock based compensation expense	$ 490
Stock options
Stock Based Compensation
Number of options granted		1,232,400
Fair value of options granted		$ 3.24
Vesting period		5 years
Exercise price of options granted (in dollars per share)		$ 11.67
Term of award		10 years
Fair value assumptions
Expected life		6 years 6 months
Risk free rate of return		2.92%
Volatility		24.85%
Dividend yield		1.03%
Stock based compensation expense	$ 201
Options outstanding	1,232,400	1,232,400
Unrecognized compensation expense	$ 3,700
Unrecognized compensation expense recognition period	4 years 7 months 17 days
Remaining contractual term	9 years 7 months 17 days	9 years 10 months 17 days
Aggregate intrinsic value	$ 0	$ 80

Stock Based Compensation - Op_2

Stock Based Compensation - Options activity (Details) - Stock options - $ / shares	12 Months Ended
	Jun. 30, 2022	Sep. 30, 2022
Number of options
Options outstanding	1,232,400	1,232,400
Granted	1,232,400
Exercise price per shares
Granted (in dollars per share)	$ 11.67
Exercise price per share (in dollars per share)	$ 11.67	$ 11.67

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Other Commitments [Line Items]
Commitments fixed expiration period	90 days
Commitments to extend credit
Other Commitments [Line Items]
Loan commitments	$ 19,995	$ 16,894
Unfunded commitments under lines of credit
Other Commitments [Line Items]
Loan commitments	72,146	71,999
Standby letters of credit
Other Commitments [Line Items]
Loan commitments	$ 30	$ 30

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)
Tier One Leverage, Amount
Leverage capital, actual amount	$ 158,915	$ 157,519
CBLR Framework Requirement, amount	$ 78,380	$ 77,547
Tier One Leverage, Ratio
Leverage capital, actual ratio	0.1825	0.1828
CBLR Framework Requirement, ratio	0.0900	0.0900

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Investments available for sale:
Equity securities	$ 1,985	$ 2,258
Fair value	170,860	182,745
Mortgage-backed securities
Investments available for sale:
Fair value	109,414	117,506
U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value	8,946	9,709
U.S. government agency securities
Investments available for sale:
Fair value	4,563	5,038
Municipal bonds
Investments available for sale:
Fair value	14,442	15,642
Corporate bonds
Investments available for sale:
Fair value	33,495	34,850
Recurring
Investments available for sale:
Equity securities	1,985	2,258
Fair value	172,845	185,003
Recurring | Mortgage-backed securities
Investments available for sale:
Fair value	109,414	117,506
Recurring | U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value	8,946	9,709
Recurring | U.S. government agency securities
Investments available for sale:
Fair value	4,563	5,038
Recurring | Municipal bonds
Investments available for sale:
Fair value	14,442	15,642
Recurring | Corporate bonds
Investments available for sale:
Fair value	33,495	34,850
Recurring | Level 1
Investments available for sale:
Equity securities	1,985	2,258
Fair value	1,985	2,258
Recurring | Level 2
Investments available for sale:
Fair value	170,860	182,745
Recurring | Level 2 | Mortgage-backed securities
Investments available for sale:
Fair value	109,414	117,506
Recurring | Level 2 | U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value	8,946	9,709
Recurring | Level 2 | U.S. government agency securities
Investments available for sale:
Fair value	4,563	5,038
Recurring | Level 2 | Municipal bonds
Investments available for sale:
Fair value	14,442	15,642
Recurring | Level 2 | Corporate bonds
Investments available for sale:
Fair value	$ 33,495	$ 34,850

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Non-Recurring Basis (Details)	3 Months Ended
	Sep. 30, 2022 USD ($) property	Jun. 30, 2022 USD ($)
Assets at fair value
Reserves on impaired loans	$ 0	$ 0
Other real estate owned
Assets at fair value
Number of other real estate owned properties | property	0
Non-recurring basis
Assets at fair value
Premises transferred to held for sale		1,596,000
Total assets at fair value		3,286,000
Non-recurring basis | Impaired loans
Assets at fair value
Impaired loans		1,690,000
Non-recurring basis | Level 3
Assets at fair value
Premises transferred to held for sale		1,596,000
Total assets at fair value		3,286,000
Non-recurring basis | Level 3 | Impaired loans
Assets at fair value
Impaired loans		$ 1,690,000

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Quantitative Information (Details) - Non-recurring basis $ in Thousands	Jun. 30, 2022 USD ($)
Assets at fair value
Premises transferred to held for sale, Fair value estimate	$ 1,596
Level 3
Assets at fair value
Premises transferred to held for sale, Fair value estimate	1,596
Level 3 | Appraisal adjustments
Assets at fair value
Premises transferred to held for sale, Fair value estimate	$ 1,596
Level 3 | Appraisal adjustments | Minimum
Assets at fair value
Premises transferred to held for sale, Measurement input	0
Level 3 | Appraisal adjustments | Maximum
Assets at fair value
Premises transferred to held for sale, Measurement input	1
Impaired loans
Assets at fair value
Fair value estimate	$ 1,690
Impaired loans | Level 3
Assets at fair value
Fair value estimate	1,690
Impaired loans | Level 3 | Appraisal adjustments
Assets at fair value
Fair value estimate	$ 1,690
Impaired loans | Level 3 | Appraisal adjustments | Minimum
Assets at fair value
Measurement input	0
Impaired loans | Level 3 | Appraisal adjustments | Maximum
Assets at fair value
Measurement input	7

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Carrying value and fair value of financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Financial assets:
Loans receivable, net	$ 472,499	$ 475,511
Held to maturity securities, Amortized cost	104,376	102,135
Financial liabilities:
Certificates of deposit	129,366	131,361
Advances from Federal Home Loan Bank	55,000	65,000
Level 2
Financial assets:
Held to maturity securities, Amortized cost	84,997	88,321
Level 3
Financial assets:
Loans receivable, net	444,984	468,485
Financial liabilities:
Certificates of deposit	127,158	130,974
Advances from Federal Home Loan Bank	55,000	65,000
Carrying Value
Financial assets:
Loans receivable, net	472,499	475,511
Held to maturity securities, Amortized cost	104,376	102,135
Financial liabilities:
Certificates of deposit	129,366	131,361
Advances from Federal Home Loan Bank	55,000	65,000
Fair Value
Financial assets:
Loans receivable, net	444,984	468,485
Held to maturity securities, Amortized cost	84,997	88,321
Financial liabilities:
Certificates of deposit	127,158	130,974
Advances from Federal Home Loan Bank	$ 55,000	$ 65,000

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Assets and Liabilities, Lessee [Abstract]
Operating lease right-of-use assets	$ 6,716		$ 6,843
Operating Lease, Liability [Abstract]
Operating lease liabilities	$ 6,833		$ 6,949
Weighted average remaining lease term - Operating leases	17 years 6 months		17 years 7 months 6 days
Weighted average discount rate - Operating leases	2.01%		2.01%
Net lease costs	$ 162	$ 114

Leases - Summary of maturities

Leases - Summary of maturities of the Company's lease liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Lessee, Operating Lease, Liability, to be Paid [Abstract]
2023	$ 609
2024	612
2025	547
2026	390
2027	400
Thereafter	5,675
Total future minimum lease payments	8,233
Amounts representing interest	(1,400)
Present value of net future minimum lease payments	$ 6,833	$ 6,949

Subsequent Events (Details)

Subsequent Events (Details)	Oct. 19, 2022 $ / shares
Subsequent Events.
Subsequent Events
Dividends declared (in dollars per share)	$ 0.03