William Penn Bancorporation (WMPN) 10-Q6 Feb 252025 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Dec. 31, 2024	Feb. 06, 2025
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2024
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		9,208,217
Entity Central Index Key	0001828376
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
ASSETS
Cash and due from banks	$ 4,730	$ 6,539
Interest bearing deposits with other banks	11,290	12,070
Federal funds sold		1,589
Total cash and cash equivalents	16,020	20,198
Interest-bearing time deposits	100	100
Securities available for sale, at fair value	145,089	150,755
Securities held to maturity, net of allowance for credit losses of $0 as of December 31, 2024 and June 30, 2024 (fair value of $68,316 and $76,827 as of December 31, 2024 and June 30, 2024, respectively)	85,098	93,056
Equity securities	2,297	2,016
Loans receivable, net of allowance for credit losses of $2,598 and $2,989 as of December 31, 2024 and June 30, 2024, respectively	467,510	470,572
Premises and equipment, net	6,877	7,186
Regulatory stock, at cost	2,311	3,062
Deferred income taxes	9,171	9,586
Bank-owned life insurance	42,481	41,819
Goodwill	4,858	4,858
Intangible assets	289	356
Operating lease right-of-use assets	9,763	8,300
Accrued interest receivable and other assets	4,564	6,883
TOTAL ASSETS	796,428	818,747
LIABILITIES
Deposits	627,436	629,810
Advances from Federal Home Loan Bank	28,000	48,000
Advances from borrowers for taxes and insurance	2,223	2,891
Operating lease liabilities	10,062	8,553
Accrued interest payable and other liabilities	4,506	4,892
TOTAL LIABILITIES	672,227	694,146
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; 9,208,217 shares issued and outstanding at December 31, 2024 and 9,343,900 shares issued and outstanding at June 30, 2024	92	93
Additional paid-in capital	97,135	97,723
Unearned common stock held by employee stock ownership plan	(8,586)	(8,789)
Retained earnings	56,070	57,587
Accumulated other comprehensive loss	(20,510)	(22,013)
TOTAL STOCKHOLDERS' EQUITY	124,201	124,601
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 796,428	$ 818,747

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
Allowance for credit losses	$ 0	$ 0
Fair value	68,316	76,827
Allowance for loan losses	$ 2,598	$ 2,989
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)	9,208,217	9,343,900
Common stock, outstanding (in shares)	9,208,217	9,343,900

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
INTEREST INCOME
Loans receivable, including fees	$ 6,250	$ 6,194	$ 12,778	$ 12,333
Securities	1,504	1,700	3,053	3,411
Other	140	169	311	330
Total interest income	7,894	8,063	16,142	16,074
INTEREST EXPENSE
Deposits	3,502	3,220	6,993	5,950
Borrowings	336	632	952	1,169
Total interest expense	3,838	3,852	7,945	7,119
Net interest income	4,056	4,211	8,197	8,955
Provision (recovery) for credit losses	14	25	(381)	30
NET INTEREST INCOME AFTER PROVISION (RECOVERY) FOR CREDIT LOSSES	4,042	4,186	8,578	8,925
OTHER INCOME
Service fees	221	225	432	440
Net gain on sale of securities		85		85
Earnings on bank-owned life insurance	333	309	662	603
Net gain on disposition of premises and equipment	211		211
Unrealized gain on equity securities	202	148	281	221
Other	8	61	39	129
Total other income	975	828	1,625	1,478
OTHER EXPENSES
Salaries and employee benefits	3,223	2,861	6,182	5,796
Occupancy and equipment	713	728	1,419	1,488
Data processing	519	504	1,025	998
Professional fees	193	192	416	402
Amortization of intangible assets	34	41	67	82
Merger related expenses	731		836
Other	769	745	1,560	1,530
Total other expense	6,182	5,071	11,505	10,296
(Loss) income before income taxes	(1,165)	(57)	(1,302)	107
Income tax benefit	(177)	(68)	(293)	(83)
NET (LOSS) INCOME	$ (988)	$ 11	$ (1,009)	$ 190
Basic (loss) earnings per share (in dollars per share)	$ (0.12)	$ 0	$ (0.12)	$ 0.02
Diluted (loss) earnings per share (in dollars per share)	$ (0.12)	$ 0	$ (0.12)	$ 0.02

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Net (loss) income	$ (988)	$ 11	$ (1,009)	$ 190
Other comprehensive (loss) income:
Changes in net unrealized gain (loss) on securities available for sale	(4,316)	9,206	1,918	3,249
Tax effect	997	(2,118)	(415)	(748)
Reclassification adjustment for gain recognized in net income		(85)		(85)
Tax effect		20		20
Other comprehensive (loss) income, net of tax	(3,319)	7,023	1,503	2,436
Comprehensive (loss) income	$ (4,307)	$ 7,034	$ 494	$ 2,626

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 Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Accumulated Other Comprehensive Loss	Cumulative Effect, Period of Adoption, Adjustment	Total
Beginning balance at Jun. 30, 2023	$ 125	$ 134,387	$ (9,194)		$ 58,805	$ (23,378)		$ 160,745
Beginning balance (in shares) at Jun. 30, 2023	12,452,921
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)					179			179
Other comprehensive loss						(4,587)		(4,587)
Restricted stock expense		282						282
Stock option expense		195						195
Stock purchased and retired	$ (17)	(19,931)						(19,948)
Stock purchased and retired (in shares)	(1,624,018)
ESOP shares committed to be released		1	101					102
Regular cash dividends paid					(348)			(348)
Ending balance (Accounting Standards Update 2016-13) at Sep. 30, 2023				$ (226)			$ (226)
Ending balance at Sep. 30, 2023	$ 108	114,934	(9,093)		58,410	(27,965)		136,394
Ending balance (in shares) at Sep. 30, 2023	10,828,903
Beginning balance at Jun. 30, 2023	$ 125	134,387	(9,194)		58,805	(23,378)		160,745
Beginning balance (in shares) at Jun. 30, 2023	12,452,921
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)								190
Other comprehensive loss								2,436
Ending balance at Dec. 31, 2023	$ 96	100,651	(8,991)		58,132	(20,942)		128,946
Ending balance (in shares) at Dec. 31, 2023	9,637,072
Beginning balance at Sep. 30, 2023	$ 108	114,934	(9,093)		58,410	(27,965)		136,394
Beginning balance (in shares) at Sep. 30, 2023	10,828,903
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)					11			11
Other comprehensive loss						7,023		7,023
Restricted stock expense		281						281
Stock option expense		195						195
Stock purchased and retired	$ (12)	(14,766)						(14,778)
Stock purchased and retired (in shares)	(1,191,831)
ESOP shares committed to be released		7	102					109
Regular cash dividends paid					(289)			(289)
Ending balance at Dec. 31, 2023	$ 96	100,651	(8,991)		58,132	(20,942)		128,946
Ending balance (in shares) at Dec. 31, 2023	9,637,072
Beginning balance at Jun. 30, 2024	$ 93	97,723	(8,789)		57,587	(22,013)		$ 124,601
Beginning balance (in shares) at Jun. 30, 2024	9,343,900							9,343,900
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)					(21)			$ (21)
Other comprehensive loss						4,822		4,822
Restricted stock expense		298						298
Stock option expense		206						206
Stock purchased and retired	$ (1)	(1,501)						(1,502)
Stock purchased and retired (in shares)	(125,441)
ESOP shares committed to be released		4	101					105
Regular cash dividends paid					(256)			(256)
Ending balance at Sep. 30, 2024	$ 92	96,730	(8,688)		57,310	(17,191)		128,253
Ending balance (in shares) at Sep. 30, 2024	9,218,459
Beginning balance at Jun. 30, 2024	$ 93	97,723	(8,789)		57,587	(22,013)		$ 124,601
Beginning balance (in shares) at Jun. 30, 2024	9,343,900							9,343,900
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)								$ (1,009)
Other comprehensive loss								1,503
Ending balance at Dec. 31, 2024	$ 92	97,135	(8,586)		56,070	(20,510)		$ 124,201
Ending balance (in shares) at Dec. 31, 2024	9,208,217							9,208,217
Beginning balance at Sep. 30, 2024	$ 92	96,730	(8,688)		57,310	(17,191)		$ 128,253
Beginning balance (in shares) at Sep. 30, 2024	9,218,459
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)					(988)			(988)
Other comprehensive loss						(3,319)		(3,319)
Restricted stock expense		298						298
Stock option expense		206						206
Stock purchased and retired		(110)						(110)
Stock purchased and retired (in shares)	(10,242)
ESOP shares committed to be released		11	102					113
Regular cash dividends paid					(252)			(252)
Ending balance at Dec. 31, 2024	$ 92	$ 97,135	$ (8,586)		$ 56,070	$ (20,510)		$ 124,201
Ending balance (in shares) at Dec. 31, 2024	9,208,217							9,208,217

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	3 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Dividends paid (in dollars per share)	$ 0.03	$ 0.03	$ 0.03	$ 0.03

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net (loss) income			$ (1,009)	$ 190
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
(Recovery) provision for credit losses	$ 14	$ 25	(381)	30
Depreciation expense	167	203	339	400
Other accretion, net			(177)	(281)
Deferred income taxes			(64)	(295)
Net gain on disposition of premises and equipment	(211)		(211)
Amortization of core deposit intangibles	34	41	67	82
Amortization of ESOP			218	211
Net gain on sale of securities		(85)		(85)
Unrealized gain on equity securities	(202)	(148)	(281)	(221)
Earnings on bank-owned life insurance	(333)	(309)	(662)	(603)
Stock based compensation expense			1,008	953
Other, net			(139)	335
Net cash (used in) provided by operating activities			(1,292)	716
Securities available for sale:
Purchases				(1,152)
Maturities, calls and principal paydowns			7,497	6,015
Proceeds from sale of securities	0	2,400	0	2,438
Securities held to maturity:
Purchases			(998)	(998)
Maturities, calls and principal paydowns			8,979	4,301
Net decrease in loans receivable			3,662	10,384
Interest bearing time deposits:
Maturities and principal paydowns				500
Regulatory stock purchases			(1,830)	(3,341)
Regulatory stock redemptions			2,581	2,605
Purchases of premises and equipment, net			(30)	(104)
Proceeds from the sale of premises and equipment held for sale			2,399
Net cash provided by investing activities			22,260	20,648
Cash flows from financing activities
Net decrease in deposits			(2,359)	(8,525)
Net repayment of short-term borrowed funds			(20,000)
Net increase of short-term borrowed funds				20,000
Repurchase of common stock			(1,612)	(34,726)
Decrease in advances from borrowers for taxes and insurance			(667)	(745)
Cash dividends			(508)	(637)
Net cash used in financing activities			(25,146)	(24,633)
Net decrease in cash and cash equivalents			(4,178)	(3,269)
Cash and cash equivalents - beginning			20,198	20,793
Cash and cash equivalents - ending	$ 16,020	$ 17,524	16,020	17,524
Supplementary cash flows information
Interest paid			8,014	7,084
Income tax payments				221
Operating lease right-of-use asset recorded			1,798
Operating lease liabilities recorded			$ 1,798
Premises transferred to held for sale				$ 1,237

Nature of Operations

Nature of Operations	6 Months Ended
Nature of Operations	Dec. 31, 2024
Nature of Operations
Nature of Operations	Note 1 - Nature of Operations William Penn Bancorporation (the “Company” or “William Penn”) 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 a result of the second-step conversion offering being oversubscribed in the first tier of subscription priorities, the ESOP trustees were unable to purchase shares of the Company’s common stock in the second-step conversion offering. Subsequent to the completion of the second-step conversion on March 24, 2021, the ESOP trustees purchased 881,130 shares, or $10.1 million, of the Company’s common stock in the open market. Such shares represent 6.97% of the shares of the Company common stock sold in the offering. The ESOP did not purchase any additional shares of Company common stock in connection with the second-step conversion and offering. The Company owns 100% of the outstanding common stock of the Bank, a Pennsylvania chartered stock savings bank. The Bank offers consumer and commercial banking services to individuals, businesses, and nonprofit organizations throughout the Delaware Valley area through twelve full-service branch offices in Bucks County and Philadelphia, Pennsylvania, and Burlington, 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. On October 31, 2024, the Company and Mid Penn Bancorp, Inc. (“Mid Penn”) entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which the Company will merge with and into Mid Penn with Mid Penn as the surviving corporation (the “Merger”). Immediately after the Merger, the Bank will merge with and into Mid Penn Bank, with Mid Penn Bank as the surviving institution. Subject to the terms and conditions of the Merger Agreement, at the effective time of the Merger, each share of Company common stock then issued and outstanding will be converted into the right to receive 0.426 shares of Mid Penn common stock, with cash to be paid in lieu of any fractional shares. Mid Penn will also assume all outstanding options to acquire shares of Company common stock pursuant to their terms, subject to adjustment to reflect the 0.426 exchange ratio set forth in the Merger Agreement. Consummation of the Merger is subject to the satisfaction of customary closing conditions, including receipt of necessary shareholder and regulatory approvals, and the parties currently expect the Merger to be completed in the second calendar quarter of 2025.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2024
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies The unaudited financial statements and other financial information contained in this Quarterly Report on Form 10-Q should be read in conjunction with the audited financial statements, and related notes, of the Company at and for the year ended June 30, 2024. 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 December 31, 2024, WPSLA held $221.7 million of the Bank’s $230.2 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 credit losses, goodwill, and income taxes. Actual results could differ from those estimates and assumptions. The interim unaudited consolidated financial statements reflect all normal and recurring adjustments, which are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. The results of operations for the three and six months ended December 31, 2024 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 Accounting Standards Codification (“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 Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative Recent Accounting Pronouncements Adopted 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 Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. Allowance for Credit Losses on Loans The Company maintains its allowance for credit losses (“ACL”) at a level that management believes to be appropriate to absorb estimated credit losses as of the date of the Consolidated Statements of Financial Condition. The Company established its allowance in accordance with the guidance included in Accounting Standards Codification (“ASC”) 326, Financial Instruments – Credit Losses Historical credit loss experience is the basis for the estimate of expected credit losses. We apply our historical loss rates and the historical loss rates of a group of peer banks identified by management to pools of loans with similar risk characteristics using the Weighted-Average Remaining Maturity (“WARM”) method. The remaining contractual life of the pools of loans with similar risk characteristics is adjusted by expected scheduled payments and prepayments. After consideration of the historical loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information. Our reasonable and supportable forecast adjustment is based on a regional economic indicator obtained from the St. Louis Federal Reserve economic database. The Company selected eight qualitative metrics which were correlated with the Bank and its peer group’s historical loss patterns. The eight qualitative metrics include: changes in lending policies and procedures, changes in national and local economic conditions as well as business conditions, changes in the nature, complexity, and volume of the portfolio, changes in the experience, ability, and depth of lenders and lending management, changes in the volume and severity of past due and classified loans, changes in the quality of the Bank’s loan review system, changes in the value of collateral securing the loans, and changes in or the existence of credit concentrations. The adjustments are weighted for relevance before applying to each pool of loans. Each quarter, management reviews the recommended adjustment factors and applies any additional adjustments based on local and current conditions. The Company has elected to exclude $2.0 million of accrued interest receivable as of December 31, 2024 and June 30, 2024 from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. Accrued interest on loans is reported in the accrued interest receivable and other assets line on the consolidated statements of financial condition. The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and, therefore, should be individually assessed. We evaluate all commercial loans that meet the following criteria: (1) when it is determined that foreclosure is probable, (2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, (3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Credit loss estimates are calculated based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition costs when appropriate. A charge-off is recorded if the fair value of the loan is less than the loan balance. Allowance for Credit Losses on Unfunded Loan Commitments The Company estimates expected credit losses over the contractual period in which the Bank is exposed to credit risk via a contractual obligation to extend credit unless that obligation is unconditionally cancellable by the Bank. The allowance for credit losses on unfunded loan commitments is included in accrued interest payable and other liabilities in the Company’s Statements of Financial Condition and is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. Allowance for Credit Losses on Held to Maturity Securities The Company accounts for its held to maturity securities in accordance with Accounting Standards Codification (ASC) 326-20, Financial Instruments – Credit Loss – Measured at Amortized Cost The Company classifies its held to maturity debt securities into the following major security types: mortgage-backed securities, U.S. government agency securities and municipal bonds. Generally, the mortgage-backed securities and U.S. government agency securities are government guaranteed with a history of no credit losses and the municipal bonds are highly rated with a history of no credit losses. Credit ratings of the municipal bonds are reviewed on a quarterly basis. Based on the government guarantee, our historical experience including no credit losses, and the high credit rating of our municipal bonds, the Company determined that an allowance for credit losses on its held to maturity portfolio is not required as of December 31, 2024 and June 30, 2024. Accrued interest receivable on held to maturity debt securities totaled $112 thousand and $170 thousand as of December 31, 2024 and June 30, 2024, respectively, and is included within accrued interest receivable and other assets on the Company’s Consolidated Statements of Financial Condition. This amount is excluded from the estimate of expected credit losses. Generally, held to maturity debt securities are classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When held to maturity debt securities are placed on nonaccrual status, unpaid interest credited to income is reversed against interest income. Allowance for Credit Losses on Available for Sale Securities The Company measures expected credit losses on available for sale debt securities when the Bank intends to sell, or when it is not more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the amortized cost basis of the security is written down to fair value through income. For available for sale debt securities that do not meet the previously mentioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. The ACL on available for sale debt securities is included within securities available for sale on the Consolidated Statements of Financial Condition. Changes in the allowance for credit losses are recorded within provision for credit losses on the Consolidated Statements of Income. Losses are charged against the allowance when the Company believes the collectability of an available for sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available for sale debt securities totaled $647 thousand and $662 thousand as of December 31, 2024 and June 30, 2024, respectively, and is included within accrued interest receivable and other assets on the Company’s Consolidated Statements of Financial Condition. This amount is excluded from the estimate of expected credit losses. Generally, available for sale debt securities are classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When available for sale debt securities are placed on nonaccrual status, unpaid interest credited to income is reversed against interest income.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Dec. 31, 2024
Earnings Per Share
Earnings Per Share	Note 3 - Earnings Per Share The following table presents a calculation of basic and diluted earnings per share for the three and six months ended December 31, 2024 and 2023. 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 loss of $988 thousand and $1.0 million for the three and six months ended December 31, 2024, respectively, and the net income of $11 thousand and $190 thousand for the three and six months ended December 31, 2023, 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 Six Months Ended December 31, December 31, (Dollars in thousands, except share and per share amounts) 2024 2023 2024 2023 Basic and diluted (loss) earnings per share: Net (loss) income $ (988) $ 11 $ (1,009) $ 190 Basic average common shares outstanding 8,140,493 8,845,633 8,172,952 9,723,078 Effect of dilutive securities 67,354 64,680 48,140 43,066 Dilutive average shares outstanding 8,207,847 8,910,313 8,221,092 9,766,144 (Loss) earnings per share: Basic $ (0.12) $ 0.00 $ (0.12) $ 0.02 Diluted $ (0.12) $ 0.00 $ (0.12) $ 0.02 Anti-dilutive shares are common stock equivalents with weighted average exercise prices in excess of the weighted average market value for the periods presented. There were 1,264,000 stock options that were anti-dilutive for both the three and six months ended December 31, 2024. There were 1,197,640 stock options that were anti-dilutive for both the three and six months ended December 31, 2023.

Changes in and Reclassification

Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss	6 Months Ended
	Dec. 31, 2024
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 (“AOCL”) for the three and six months ended December 31, 2024 and 2023. (Dollars in thousands) Unrealized Losses on Securities Available for Sale Accumulated Other Comprehensive Loss (1) 2024 2023 Balance at June 30, $ (22,013) $ (23,378) Other comprehensive income (loss) before reclassifications 4,822 (4,587) Amounts reclassified from accumulated other comprehensive loss — — Period change 4,822 (4,587) Balance at September 30, $ (17,191) $ (27,965) Other comprehensive (loss) income before reclassifications (3,319) 7,088 Amounts reclassified from accumulated other comprehensive loss — (65) Period change (3,319) 7,023 Balance at December 31, $ (20,510) $ (20,942) (1) All amounts are net of tax. Related income tax expense is calculated using an income tax rate approximating 23% for both 2024 and 2023. The following tables present the reclassifications out of AOCL by component during the three and six months ended December 31, 2024 and 2023: (Dollars in thousands) Amounts Reclassified from Accumulated Other Comprehensive Loss (1) Details about Accumulated Other Comprehensive Three Months Ended December 31, Affected Line Item in the Loss Components 2024 2023 Consolidated Statements of Income Securities available for sale: Net securities gains reclassified into net income $ — $ (85) Net gain on sale of securities Related income tax expense — 20 Income tax benefit $ — $ (65) (1) Amounts in parenthesis indicate debits. (Dollars in thousands) Amounts Reclassified from Accumulated Other Comprehensive Loss (2) Details about Accumulated Other Comprehensive Six Months Ended December 31, Affected Line Item in the Loss Components 2024 2023 Consolidated Statements of Income Securities available for sale: Net securities gains reclassified into net income $ — $ (85) Net gain on sale of securities Related income tax expense — 20 Income tax benefit $ — $ (65) (2) Amounts in parenthesis indicate debits.

Investment Securities

Investment Securities	6 Months Ended
Investment Securities	Dec. 31, 2024
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: December 31, 2024 Gross Gross Allowance Amortized Unrealized Unrealized for Credit Fair (Dollars in thousands) Cost Gains Losses Losses Value Available For Sale: Mortgage-backed securities $ 107,394 $ 19 $ (17,593) $ — $ 89,820 U.S. agency collateralized mortgage obligations 8,594 — (1,654) — 6,940 U.S. government agency securities 614 — (76) — 538 Municipal bonds 19,958 — (5,043) — 14,915 Corporate bonds 35,200 — (2,324) — 32,876 Total Available For Sale $ 171,760 $ 19 $ (26,690) $ — $ 145,089 December 31, 2024 Gross Gross Allowance Amortized Unrealized Unrealized Fair for Credit (Dollars in thousands) Cost Gains Losses Value Losses Held To Maturity: Mortgage-backed securities $ 84,093 $ — $ (16,782) $ 67,311 $ — U.S. government agency securities 969 — — 969 — Municipal bonds 36 — — 36 — Total Held To Maturity $ 85,098 $ — $ (16,782) $ 68,316 $ — June 30, 2024 Gross Gross Allowance Amortized Unrealized Unrealized for Credit Fair (Dollars in thousands) Cost Gains Losses Losses Value Available For Sale: Mortgage-backed securities $ 112,439 $ 20 $ (17,334) $ — $ 95,125 U.S. agency collateralized mortgage obligations 8,937 — (1,737) — 7,200 U.S. government agency securities 769 1 (77) — 693 Municipal bonds 19,999 — (5,030) — 14,969 Corporate bonds 37,200 — (4,432) — 32,768 Total Available For Sale $ 179,344 $ 21 $ (28,610) $ — $ 150,755 June 30, 2024 Gross Gross Allowance Amortized Unrealized Unrealized Fair for Credit (Dollars in thousands) Cost Gains Losses Value Losses Held To Maturity: Mortgage-backed securities $ 87,526 $ — $ (16,216) $ 71,310 $ — U.S. government agency securities 5,482 — (13) 5,469 — Municipal bonds 48 — — 48 — Total Held To Maturity $ 93,056 $ — $ (16,229) $ 76,827 $ — The Company did not sell any investment securities during the three and six months ended December 31, 2024. The Company recognized $85 thousand of gross gains on the sale of $2.4 million of investment securities during the three and six months ended December 31, 2023. 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. December 31, 2024 Available For Sale Held To Maturity Amortized Fair Amortized Fair (Dollars in thousands) Cost Value Cost Value Due in one year or less $ — $ — $ 1,005 $ 1,005 Due after one year through five years 1,500 1,453 — — Due after five years through ten years 41,178 37,369 — — Due after ten years 129,082 106,267 84,093 67,311 $ 171,760 $ 145,089 $ 85,098 $ 68,316 The following tables provide information on the gross unrealized losses and fair market value of the Company's investments for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2024 and June 30, 2024: December 31, 2024 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 $ — $ — $ 88,815 $ (17,593) $ 88,815 $ (17,593) U.S. agency collateralized mortgage obligations — — 6,940 (1,654) 6,940 (1,654) U.S. government agency securities 42 (1) 496 (75) 538 (76) Municipal bonds — — 14,915 (5,043) 14,915 (5,043) Corporate bonds — — 31,976 (2,324) 31,976 (2,324) 42 (1) 143,142 (26,689) 143,184 (26,690) Held To Maturity: Mortgage-backed securities — — 67,311 (16,782) 67,311 (16,782) — — 67,311 (16,782) 67,311 (16,782) $ 42 $ (1) $ 210,453 $ (43,471) $ 210,495 $ (43,472) June 30, 2024 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 $ — $ — $ 94,110 $ (17,334) $ 94,110 $ (17,334) U.S. agency collateralized mortgage obligations — — 7,200 (1,737) 7,200 (1,737) U.S. government agency securities — — 556 (77) 556 (77) Municipal bonds — — 14,969 (5,030) 14,969 (5,030) Corporate bonds — — 32,768 (4,432) 32,768 (4,432) — — 149,603 (28,610) 149,603 (28,610) Held To Maturity: Mortgage-backed securities — — 71,310 (16,216) 71,310 (16,216) U.S. government agency securities 982 (1) 4,487 (12) 5,469 (13) 982 (1) 75,797 (16,228) 76,779 (16,229) $ 982 $ (1) $ 225,400 $ (44,838) $ 226,382 $ (44,839) At December 31, 2024, the Company had one security in the less than 12 months loss position and 120 securities in the 12 months or greater loss position. At June 30, 2024, the Company had one security in the less than 12 months loss position and 124 securities in the 12 months or greater loss position. 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 the unrealized losses to be credit losses at December 31, 2024 and June 30, 2024. The Company did not recognize any credit losses on these securities for the three and six months ended December 31, 2024 and 2023. At December 31, 2024 and June 30, 2024, $2.5 million and $2.6 million, respectively, in the carrying value of investment securities were pledged to secure municipal deposits. Equity Securities The Company had one equity security with a fair value of $2.3 million as of December 31, 2024 and $2.0 million as of June 30, 2024. During the three and six months ended December 31, 2024, the Company recorded $202 thousand and $281 thousand of unrealized gains, respectively, and during the three and six months ended December 31, 2023, the Company recorded $148 thousand and $221 thousand of unrealized gains, respectively, which were recorded in Unrealized gain on equity securities

Loans

Loans	6 Months Ended
Loans	Dec. 31, 2024
Loans
Loans	Note 6 – Loans Major classifications of loans, net of deferred loan fees of $501 thousand and $545 thousand at December 31, 2024 and June 30, 2024, respectively, are summarized as follows: December 31, June 30, 2024 2024 (Dollars in thousands) Amount Percent Amount Percent Residential real estate: 1 - 4 family $ 125,477 26.69 % $ 127,911 27.00 % Home equity and HELOCs 29,999 6.38 30,767 6.50 Construction -residential 3,734 0.80 8,802 1.86 Commercial real estate: 1 - 4 family investor 88,692 18.87 92,284 19.49 Multi-family (five or more) 15,543 3.31 15,619 3.30 Commercial non-residential 178,041 37.87 158,481 33.46 Construction and land 10,267 2.18 22,687 4.79 Commercial 16,652 3.54 15,090 3.19 Consumer loans 1,703 0.36 1,920 0.41 Total Loans 470,108 100.00 % 473,561 100.00 % Allowance for credit losses (2,598) (2,989) Net Loans $ 467,510 $ 470,572 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 $10.3 million and $11.2 million at December 31, 2024 and June 30, 2024, respectively. The Bank retained the related servicing rights for the loans that were sold and receives a 25 basis point servicing fee from the purchasers of the loans. Custodial escrow balances maintained in connection with the foregoing loan servicing are included in advances from borrowers for taxes and insurance. Allowance for Credit Losses. The following table presents, by loan portfolio segment, the changes in the allowance for credit losses for the three months ended December 31, 2024 and 2023: December 31, 2024 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 $ 321 $ 97 $ 42 $ 183 $ 33 $ 1,154 $ 125 $ 327 $ 240 $ 2,522 Charge-offs — — — — — — — — — — Recoveries — — — — — — — — — — Provision (recovery) (2) 2 (29) (1) — 178 (63) 8 (17) 76 Ending Balance $ 319 $ 99 $ 13 $ 182 $ 33 $ 1,332 $ 62 $ 335 $ 223 $ 2,598 December 31, 2023 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 $ 407 $ 131 $ 39 $ 325 $ 53 $ 1,767 $ 233 $ 340 $ 292 $ 3,587 Charge-offs — — — — — — — — (13) (13) Recoveries — — — — — — — — 2 2 Provision (recovery) (4) 84 5 (8) (1) (13) 7 (18) (27) 25 Ending Balance $ 403 $ 215 $ 44 $ 317 $ 52 $ 1,754 $ 240 $ 322 $ 254 $ 3,601 The following table presents, by loan portfolio segment, the changes in the allowance for credit losses for the six months ended December 31, 2024 and 2023: December 31, 2024 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 $ 325 $ 100 $ 31 $ 268 $ 32 $ 1,533 $ 147 $ 304 $ 249 $ 2,989 Charge-offs — — — — — — — — (18) (18) Recoveries — — — — — — — — 1 1 Provision (recovery) (6) (1) (18) (86) 1 (201) (85) 31 (9) (374) Ending Balance $ 319 $ 99 $ 13 $ 182 $ 33 $ 1,332 $ 62 $ 335 $ 223 $ 2,598 December 31, 2023 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 $ 486 $ 113 $ 214 $ 569 $ 89 $ 1,420 $ 281 $ 82 $ 59 $ 3,313 Impact of adopting ASU 2016-13 (67) 19 (174) (241) (30) 379 (93) 254 196 243 Charge-offs — — — — — — — — (13) (13) Recoveries — — — — — — — — 28 28 Provision (recovery) (16) 83 4 (11) (7) (45) 52 (14) (16) 30 Ending Balance $ 403 $ 215 $ 44 $ 317 $ 52 $ 1,754 $ 240 $ 322 $ 254 $ 3,601 During the three and six months ended December 31, 2024, the changes in the provision for credit 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 during the six months ended December 31, 2024 can be primarily attributed to a decrease in delinquent 1-4 family investor loans and commercial non-residential loans, as well as consistently low levels of net charge-offs, strong asset quality metrics and continued conservative lending practices. During the three and six months ended December 31, 2023, and exclusive of the impact of the adoption of ASU 2016-13, the changes in the provision for credit losses for each portfolio of loans were primarily due to fluctuations in the outstanding balance of each portfolio of loans collectively evaluated for impairment. During the three months ended December 31, 2023, we experienced an increase in delinquent home equity loans and home equity lines of credit and a corresponding increase in the provision for credit losses for this portfolio. The overall increase in the allowance during the six months ended December 31, 2023 can be primarily attributed to the previously mentioned increase in delinquent home equity loans and home equity lines of credit, partially offset by a decrease in the outstanding balance of our total loan portfolio. Under the provisions of ASC 326, loans evaluated individually for impairment consist of non-accrual loans. The following table presents the allowance for credit losses and recorded investment by loan portfolio classification at December 31, 2024 and June 30, 2024: December 31, 2024 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 319 99 13 182 33 1,332 62 335 223 2,598 Total allowance $ 319 $ 99 $ 13 $ 182 $ 33 $ 1,332 $ 62 $ 335 $ 223 $ 2,598 Loans receivable ending balance: Individually evaluated for impairment $ 1,003 $ 42 $ — $ 922 $ — $ 331 $ — $ — $ 105 $ 2,403 Collectively evaluated for impairment 124,474 29,957 3,734 87,770 15,543 177,710 10,267 16,652 1,598 467,705 Total portfolio $ 125,477 $ 29,999 $ 3,734 $ 88,692 $ 15,543 $ 178,041 $ 10,267 $ 16,652 $ 1,703 $ 470,108 June 30, 2024 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 325 100 31 268 32 1,533 147 304 249 2,989 Total allowance $ 325 $ 100 $ 31 $ 268 $ 32 $ 1,533 $ 147 $ 304 $ 249 $ 2,989 Loans receivable ending balance: Individually evaluated for impairment $ 1,221 $ 426 $ — $ 1,007 $ 194 $ 337 $ — $ — $ 126 $ 3,311 Collectively evaluated for impairment 126,690 30,341 8,802 91,277 15,425 158,144 22,687 15,090 1,794 470,250 Total portfolio $ 127,911 $ 30,767 $ 8,802 $ 92,284 $ 15,619 $ 158,481 $ 22,687 $ 15,090 $ 1,920 $ 473,561 Credit Quality Information The following tables represent credit exposures by internally assigned grades as of December 31, 2024 and June 30, 2024 that management uses to monitor the credit quality of the overall loan portfolio. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all. All loans greater than 90 days past due are considered Substandard. 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 Bank has a structured loan rating process with several layers of internal and external oversight to help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed. Generally, consumer and residential mortgage loans are included in the Pass category unless a specific action, such as nonperformance, repossession, or death occurs to raise awareness of a possible credit event. The Company’s Credit Department is responsible for the timely and accurate risk rating of the loans on an ongoing basis. Every credit which must be approved by Loan Committee or the Board of Directors is assigned a risk rating at time of consideration. The Credit Department also annually reviews commercial relationships of $500,000 or greater to assign or re-affirm risk ratings. The following tables set forth the amounts of the portfolio of classified asset categories for the commercial loan portfolios at December 31, 2024 and June 30, 2024: December 31, 2024 Term Loans Amortized Cost Basis by Origination Fiscal Year Revolving Loans Revolving Loans Amortized Converted 2025 2024 2023 2022 2021 Prior Cost Basis to Term Total 1 - 4 family investor Pass $ 627 $ 3,796 $ 9,740 $ 6,960 $ 17,047 $ 44,744 $ 3,403 $ 696 $ 87,013 Special Mention — — — — — 757 — — 757 Substandard — — 890 — — 32 — — 922 Doubtful — — — — — — — — — Loss — — — — — — — — — Total 1 - 4 family investor $ 627 $ 3,796 $ 10,630 $ 6,960 $ 17,047 $ 45,533 $ 3,403 $ 696 $ 88,692 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Multi-family (five or more) Pass $ 486 $ 329 $ 1,289 $ 1,284 $ 3,778 $ 8,377 $ — $ — $ 15,543 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total Multi-family $ 486 $ 329 $ 1,289 $ 1,284 $ 3,778 $ 8,377 $ — $ — $ 15,543 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial non-residential Pass $ 12,065 $ 12,999 $ 21,191 $ 69,317 $ 24,268 $ 32,852 $ — $ 87 $ 172,779 Special Mention — — — — 4,931 — — — 4,931 Substandard — — — — 319 12 — — 331 Doubtful — — — — — — — — — Loss — — — — — — — — — Total Commercial non-residential $ 12,065 $ 12,999 $ 21,191 $ 69,317 $ 29,518 $ 32,864 $ — $ 87 $ 178,041 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction and land Pass $ 1,294 $ 6,668 $ 798 $ — $ — $ 1,507 $ — $ — $ 10,267 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total Construction and land $ 1,294 $ 6,668 $ 798 $ — $ — $ 1,507 $ — $ — $ 10,267 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 96 $ 853 $ 7,591 $ 7,717 $ — $ 395 $ — $ — $ 16,652 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total Commercial $ 96 $ 853 $ 7,591 $ 7,717 $ — $ 395 $ — $ — $ 16,652 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — June 30, 2024 Term Loans Amortized Cost Basis by Origination Fiscal Year Revolving Loans Revolving Loans Amortized Converted 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total 1 - 4 family investor Pass $ 3,852 $ 10,948 $ 6,228 $ 17,462 $ 11,855 $ 36,635 $ 2,702 $ 706 $ 90,388 Special Mention — — — — — 889 — — 889 Substandard — — 930 — — 77 — — 1,007 Doubtful — — — — — — — — — Loss — — — — — — — — — Total 1 - 4 family investor $ 3,852 $ 10,948 $ 7,158 $ 17,462 $ 11,855 $ 37,601 $ 2,702 $ 706 $ 92,284 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Multi-family (five or more) Pass $ 331 $ 1,307 $ 1,310 $ 4,072 $ 5,508 $ 2,897 $ — $ — $ 15,425 Special Mention — — — — — — — — — Substandard — — — — — 194 — — 194 Doubtful — — — — — — — — — Loss — — — — — — — — — Total Multi-family $ 331 $ 1,307 $ 1,310 $ 4,072 $ 5,508 $ 3,091 $ — $ — $ 15,619 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial non-residential Pass $ 11,970 $ 20,964 $ 59,973 $ 30,013 $ 15,668 $ 19,465 $ — $ 91 $ 158,144 Special Mention — — — — — — — — — Substandard — — — 319 — 18 — — 337 Doubtful — — — — — — — — — Loss — — — — — — — — — Total Commercial non-residential $ 11,970 $ 20,964 $ 59,973 $ 30,332 $ 15,668 $ 19,483 $ — $ 91 $ 158,481 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction and land Pass $ 4,341 $ 5,797 $ 10,501 $ — $ — $ 2,048 $ — $ — $ 22,687 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total Construction and land $ 4,341 $ 5,797 $ 10,501 $ — $ — $ 2,048 $ — $ — $ 22,687 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 593 $ 6,914 $ 7,367 $ — $ 14 $ 202 $ — $ — $ 15,090 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total Commercial $ 593 $ 6,914 $ 7,367 $ — $ 14 $ 202 $ — $ — $ 15,090 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — The Company monitors the credit risk profile by payment activity for residential and consumer loans. Generally, residential and consumer loans on nonaccrual status and 90 or more days past due and accruing are considered non-performing and are reviewed monthly. 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 December 31, 2024 and June 30, 2024: December 31, 2024 Term Loans Amortized Cost Basis by Origination Fiscal Year Revolving Loans Revolving Loans Amortized Converted 2025 2024 2023 2022 2021 Prior Cost Basis to Term Total 1 - 4 family residential Performing $ 6,356 $ 10,286 $ 7,540 $ 12,926 $ 14,599 $ 72,767 $ — $ — $ 124,474 Non-performing — — — — — 1,003 — — 1,003 Total 1 - 4 family residential $ 6,356 $ 10,286 $ 7,540 $ 12,926 $ 14,599 $ 73,770 $ — $ — $ 125,477 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Home equity & HELOCs Performing $ 633 $ 1,587 $ 2,046 $ 444 $ 764 $ 4,493 $ 18,469 $ 1,521 $ 29,957 Non-performing — — — — — — — 42 42 Total Home equity & HELOCs $ 633 $ 1,587 $ 2,046 $ 444 $ 764 $ 4,493 $ 18,469 $ 1,563 $ 29,999 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction residential Performing $ 1,331 $ 2,308 $ — $ — $ 95 $ — $ — $ — $ 3,734 Non-performing — — — — — — — — — Total construction residential $ 1,331 $ 2,308 $ — $ — $ 95 $ — $ — $ — $ 3,734 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ 108 $ — $ 30 $ — $ 957 $ — $ 503 $ 1,598 Non-performing — — — — — 105 — — 105 Total Consumer $ — $ 108 $ — $ 30 $ — $ 1,062 $ — $ 503 $ 1,703 Current period gross charge-offs $ — $ — $ — $ — $ — $ 18 $ — $ — $ 18 June 30, 2024 Term Loans Amortized Cost Basis by Origination Fiscal Year Revolving Loans Revolving Loans Amortized Converted 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total 1 - 4 family residential Performing $ 11,987 $ 7,765 $ 13,307 $ 15,162 $ 8,412 $ 70,057 $ — $ — $ 126,690 Non-performing — — — — — 1,221 — — 1,221 Total 1 - 4 family residential $ 11,987 $ 7,765 $ 13,307 $ 15,162 $ 8,412 $ 71,278 $ — $ — $ 127,911 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Home equity & HELOCs Performing $ 1,685 $ 2,164 $ 474 $ 859 $ 576 $ 4,595 $ 18,333 $ 1,655 $ 30,341 Non-performing — — — — — — 381 45 426 Total Home equity & HELOCs $ 1,685 $ 2,164 $ 474 $ 859 $ 576 $ 4,595 $ 18,714 $ 1,700 $ 30,767 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction residential Performing $ 5,180 $ 2,510 $ 105 $ 1,007 $ — $ — $ — $ — $ 8,802 Non-performing — — — — — — — — — Total construction residential $ 5,180 $ 2,510 $ 105 $ 1,007 $ — $ — $ — $ — $ 8,802 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ 123 $ 116 $ 45 $ — $ 3 $ 1,507 $ — $ — $ 1,794 Non-performing — — — — — 126 — — 126 Total Consumer $ 123 $ 116 $ 45 $ — $ 3 $ 1,633 $ — $ — $ 1,920 Current period gross charge-offs $ — $ — $ — $ — $ — $ 13 $ — $ — $ 13 Loan Delinquencies and Non-accrual Loans Management further monitors the performance and credit quality of the loan portfolio by analyzing the length of time a recorded payment is past due. The following are tables which include an aging analysis of the recorded investment of past due loans as of December 31, 2024 and June 30, 2024. All non-accrual loans included in the tables below do not have an associated allowance for credit losses because any impairment is charged-off at the time the loan moves to non-accrual status. As of December 31, 2024, $2.3 million of the non-accrual loans included in the table below are secured by real estate and $105 thousand are unsecured. Aged Analysis of Past Due and Non-accrual Loans As of December 31, 2024 Recorded Recorded Investment Investment 30 - 59 Days 60 - 89 Days 90 Days Total Past Total Loans >90 Days and Loans on (Dollar amounts in thousands) Past Due Past Due Or Greater Due Current Receivable Accruing Non-Accrual Residential real estate: 1 - 4 family $ 80 $ 10 $ 712 $ 802 $ 124,675 $ 125,477 $ — $ 1,003 Home equity and HELOCs 19 — 42 61 29,938 29,999 — 42 Construction - residential — 6 — 6 3,728 3,734 — — Commercial real estate: 1 - 4 family investor — 15 — 15 88,677 88,692 — 922 Multi-family — — — — 15,543 15,543 — — Commercial non-residential — — 331 331 177,710 178,041 — 331 Construction and land — — — — 10,267 10,267 — — Commercial — — — — 16,652 16,652 — — Consumer — 13 — 13 1,690 1,703 — 105 Total $ 99 $ 44 $ 1,085 $ 1,228 $ 468,880 $ 470,108 $ — $ 2,403 Aged Analysis of Past Due and Non-accrual Loans As of June 30, 2024 Recorded Recorded Investment Investment 30 - 59 Days 60 - 89 Days 90 Days Total Past Total Loans >90 Days and Loans on (Dollar amounts in thousands) Past Due Past Due Or Greater Due Current Receivable Accruing Non-Accrual Residential real estate: 1 - 4 family $ 153 $ 539 $ 162 $ 854 $ 127,057 $ 127,911 $ — $ 1,221 Home equity and HELOCs 49 — — 49 30,718 30,767 — 426 Construction - residential — — — — 8,802 8,802 — — Commercial real estate: 1 - 4 family investor 85 930 — 1,015 91,269 92,284 — 1,007 Multi-family — — — — 15,619 15,619 — 194 Commercial non-residential 60 — 337 397 158,084 158,481 — 337 Construction and land — — — — 22,687 22,687 — — Commercial — — — — 15,090 15,090 — — Consumer — — 18 18 1,902 1,920 — 126 Total $ 347 $ 1,469 $ 517 $ 2,333 $ 471,228 $ 473,561 $ — $ 3,311 Interest income on non-accrual loans that would have been recorded if these loans had performed in accordance with their terms was approximately $35 thousand, $72 thousand, $54 thousand and $106 thousand during the three and six months ended December 31, 2024 and 2023, respectively. Concentration of Credit Risk The Company’s primary business activity as of December 31, 2024 was with customers throughout the Delaware Valley through twelve full-service branch offices located in Bucks and Philadelphia Counties in Pennsylvania, as well as Burlington, Camden, and Mercer Counties in New Jersey. Accordingly, the Company has extended credit primarily to residential borrowers and commercial entities in this area whose ability to repay their loans is influenced by the region’s economy. As of December 31, 2024, the Company considered its concentration of credit risk to be acceptable. As of December 31, 2024, commercial real estate loans secured by retail space totaled approximately $62.7 million, or 13.3% of total loans, and were comprised of $51.9 million of non-owner-occupied properties and $10.8 million of owner-occupied properties. The Company’s non-owner occupied commercial real estate loans that are secured by retail space have high occupancy rates with longstanding tenants. Loans with Modified Terms to Borrowers Experiencing Financial Difficulty During the three and six months ended December 31, 2024 and 2023, there were no loans modified to borrowers experiencing financial difficulty.

Premises and Equipment

Premises and Equipment	6 Months Ended
Premises and Equipment	Dec. 31, 2024
Premises and Equipment
Premises and Equipment	Note 7 – Premises and Equipment The components of premises and equipment are as follows as of December 31, 2024 and June 30, 2024: December 31, June 30, (Dollars in thousands) 2024 2024 Land $ 1,441 $ 1,441 Office buildings and improvements 7,953 7,921 Furniture, fixtures and equipment 2,291 2,293 Automobiles 58 58 11,743 11,713 Accumulated depreciation (4,866) (4,527) $ 6,877 $ 7,186 Depreciation expense amounted to $167 thousand and $339 thousand for the three and six months ended December 31, 2024 and $203 thousand and $400 thousand for the three and six months ended December 31, 2023, respectively.

Goodwill and Intangibles

Goodwill and Intangibles	6 Months Ended
Goodwill and Intangibles	Dec. 31, 2024
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, 2024, management included considerations of the current economic environment 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, 2024. During the three and six months ended December 31, 2024, 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 and six months ended December 31, 2024. Goodwill and other intangibles are summarized as follows for the periods presented: Core Deposit (Dollars in thousands) Goodwill Intangibles Balance, June 30, 2024 $ 4,858 $ 356 Adjustments: Additions — — Amortization — (33) Balance, September 30, 2024 $ 4,858 $ 323 Adjustments: Additions — — Amortization — (34) Balance, December 31, 2024 $ 4,858 $ 289 Core Deposit (Dollars in thousands) Goodwill Intangibles Balance, June 30, 2023 $ 4,858 $ 519 Adjustments: Additions — — Amortization — (41) Balance, September 30, 2023 $ 4,858 $ 478 Adjustments: Additions — — Amortization — (41) Balance, December 31, 2023 $ 4,858 $ 437 Aggregate amortization expense was $34 thousand and $67 thousand for the three and six months ended December 31, 2024 and $41 thousand and $82 thousand for the three and six months ended December 31, 2023, respectively.

Deposits

Deposits	6 Months Ended
Deposits	Dec. 31, 2024
Deposits.
Deposits	Note 9 – Deposits Deposits consist of the following major classifications as of December 31, 2024 and June 30, 2024: (Dollars in thousands) December 31, 2024 June 30, 2024 Non-interest bearing checking $ 59,201 $ 64,627 Interest bearing checking 130,436 132,927 Money market accounts 171,881 176,422 Savings and club accounts 78,138 82,173 Certificates of deposit 187,780 173,661 $ 627,436 $ 629,810

Borrowings

Borrowings	6 Months Ended
Borrowings	Dec. 31, 2024
Borrowings
Borrowings	Note 10 – Borrowings The Bank is a member of the Federal Home Loan Bank (“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 $279.5 million and $287.3 million at December 31, 2024 and June 30, 2024, respectively. FHLB advances are secured by qualifying assets of the Bank, which include Federal Home Loan Bank stock and loans. The Bank had $405.1 million and $415.9 million of loans pledged as collateral as of December 31, 2024 and June 30, 2024, respectively. The Bank, as a member of the FHLB of Pittsburgh, is required to acquire and hold shares of capital stock in the FHLB of Pittsburgh. The Bank was in compliance with the requirements for the FHLB of Pittsburgh with an investment of $2.0 million and $2.8 million at December 31, 2024 and June 30, 2024, respectively. Advances from the FHLB of Pittsburgh consisted of $28.0 million and $48.0 million of fixed rate short-term borrowings as of December 31, 2024 and June 30, 2024, respectively. As of December 31, 2024 and June 30, 2024, the Bank had $8.6 million and $8.8 million of loans pledged as collateral to secure a $4.0 million and $3.6 million overnight line of credit from the Federal Reserve Bank, respectively. There was no outstanding balance for the overnight line of credit from the Federal Reserve Bank as of December 31, 2024 and June 30, 2024. In addition, as of December 31, 2024 and June 30, 2024, the Bank had $10.0 million of available credit from Atlantic Community Bankers Bank to purchase federal funds.

Stock Based Compensation

Stock Based Compensation	6 Months Ended
Stock Based Compensation	Dec. 31, 2024
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. On May 10, 2022, the shareholders of the Company approved the William Penn Bancorporation 2022 Equity Incentive Plan (the “Plan”). Under the Plan, the Company has granted 505,600 shares of restricted stock, net of forfeitures, with a weighted average grant date fair value of $11.71 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 and six months ended December 31, 2024 was $298 thousand and $596 thousand, respectively, and $281 thousand and $563 thousand for the three and six months ended December 31, 2023, respectively. The expected future compensation expense related to the 313,989 non-vested restricted shares outstanding at December 31, 2024 was $2.9 million over a weighted average period of 2.52 years. The expected future compensation expense related to the 383,258 non-vested restricted shares outstanding at December 31, 2023 was $3.8 million over a weighted average period of 3.37 years. The following is a summary of the Company's restricted stock activity during the six months ended December 31, 2024: Weighted Number of Average Summary of Non-vested Restricted Stock Award Activity Shares Grant Price Non-vested Restricted Stock Awards outstanding July 1, 2024 313,989 $ 11.73 Issued — — Vested — — Forfeited — — Non-vested Restricted Stock Awards outstanding December 31, 2024 313,989 $ 11.73 The following is a summary of the Company's restricted stock activity during the six months ended December 31, 2023: Weighted Number of Average Summary of Non-vested Restricted Stock Award Activity Shares Grant Price Non-vested Restricted Stock Awards outstanding July 1, 2023 383,258 $ 11.66 Issued — — Vested — — Forfeited — — Non-vested Restricted Stock Awards outstanding December 31, 2023 383,258 $ 11.66 Under the Plan, the Company granted 1,264,000 stock options, net of forfeitures, 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 $11.71, which represents the 1.02% . The following is a summary of the Company's stock option activity during the six months ended December 31, 2024: Weighted Number of Exercise Price Summary of Stock Option Activity Options per Shares Beginning balance July 1, 2024 1,264,000 $ 11.71 Granted — — Exercised Forfeited — — Expired — — Ending balance December 31, 2024 1,264,000 $ 11.71 The following is a summary of the Company's stock option activity during the six months ended December 31, 2023: Weighted Number of Exercise Price Summary of Stock Option Activity Options per Shares Beginning balance July 1, 2023 1,197,640 $ 11.66 Granted — — Exercised — — Forfeited — — Expired — — Ending balance December 31, 2023 1,197,640 $ 11.66 The weighted average remaining contractual term was approximately 7.47 years and the aggregate intrinsic value was $401 thousand for options outstanding as of December 31, 2024. As of December 31, 2024, exercisable options totaled 479,056 with a weighted average exercise of price of $11.66 per share, a weighted average remaining contractual term of approximately 7.38 years, and the aggregate intrinsic value was $161 thousand. The weighted average remaining contractual term was approximately 8.38 years and the aggregate intrinsic value was $653 thousand for options outstanding as of December 31, 2023. As of December 31, 2023, exercisable options totaled 239,528 with a weighted average exercise of price of $11.66 per share, a weighted average remaining contractual term of approximately 8.38 years, and the aggregate intrinsic value was $131 thousand.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Dec. 31, 2024
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 December 31, 2024 and June 30, 2024: December 31, June 30, (Dollars in thousands) 2024 2024 Commitments to extend credit $ 16,171 $ 15,676 Unfunded commitments under lines of credit 65,044 65,705 Standby letters of credit 118 86 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. As of December 31, 2024 and June 30, 2024, the allowance for credit losses on unfunded lending commitments was $121 thousand and $128 thousand, respectively. The recovery for credit losses on unfunded lending commitments recognized for the three and six months ended December 31, 2024 was $62 thousand and $7 thousand, respectively. The Company did not record a provision for credit losses on unfunded lending commitments for the three and six months ended December 31, 2023. 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	6 Months Ended
Regulatory Capital Requirements	Dec. 31, 2024
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 December 31, 2024 and June 30, 2024, 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. CBLR Framework As of December 31, 2024 Actual Requirement (Dollars in thousands except for ratios) Amount Ratio Amount Ratio William Penn Bank: Tier 1 leverage $ 134,541 16.66% $ 72,688 9.00% CBLR Framework As of June 30, 2024 Actual Requirement (Dollars in thousands except for ratios) Amount Ratio Amount Ratio William Penn Bank: Tier 1 leverage $ 134,494 16.10% $ 75,164 9.00%

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
Fair Value of Financial Instruments	Dec. 31, 2024
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 December 31, 2024 and June 30, 2024, 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. December 31, 2024 (Dollars in thousands) Level I Level II Level III Total Assets: Investments available for sale: Mortgage-backed securities $ — $ 89,820 $ — $ 89,820 U.S. agency collateralized mortgage obligations — 6,940 — 6,940 U.S. government agency securities — 538 — 538 Municipal bonds — 14,915 — 14,915 Corporate bonds — 32,876 — 32,876 Equity securities 2,297 — — 2,297 Total Assets $ 2,297 $ 145,089 $ — $ 147,386 June 30, 2024 (Dollars in thousands) Level I Level II Level III Total Assets: Investments available for sale: Mortgage-backed securities $ — $ 95,125 $ — $ 95,125 U.S. agency collateralized mortgage obligations — 7,200 — 7,200 U.S. government agency securities — 693 — 693 Municipal bonds — 14,969 — 14,969 Corporate bonds — 32,768 — 32,768 Equity securities 2,016 — — 2,016 Total Assets $ 2,016 $ 150,755 $ — $ 152,771 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. Loans individually evaluated for impairment are generally measured for impairment using the fair value of the collateral supporting the loan. Evaluating the collateral for these loans 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 December 31, 2024 and June 30, 2024, the Company charged-off the collateral deficiency on loans evaluated individually for impairment. As a result, there were no specific reserves on loans evaluated individually for impairment as of December 31, 2024 and June 30, 2024. Other real estate owned (OREO) is measured at fair value, based on appraisals less cost to sell at the date of foreclosure. Valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value, less cost to sell. Income and expenses from operations and changes in valuation allowance are included in the net expenses from OREO. As of December 31, 2024 and June 30, 2024, there were no assets required to be measured and reported at fair value on a non-recurring basis. 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 Company would realize in a current market exchange. Different assumptions or estimation techniques may have a material effect on the estimated fair value. 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 December 31, 2024 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 $ 467,510 $ 438,764 $ — $ — $ 438,764 Securities held to maturity 85,098 68,316 — 68,316 — Financial instruments - liabilities: Certificates of deposit 187,780 186,718 — — 186,718 Advances from Federal Home Loan Bank 28,000 28,000 — — 28,000 Off-balance sheet financial instruments — — — — — Fair Value Measurements at June 30, 2024 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 $ 470,572 $ 439,118 $ — $ — $ 439,118 Securities held to maturity 93,056 76,827 — 76,827 — Financial instruments - liabilities: Certificates of deposit 173,661 171,613 — — 171,613 Advances from Federal Home Loan Bank 48,000 48,000 — — 48,000 Off-balance sheet financial instruments — — — — —

Leases

Leases	6 Months Ended
Leases	Dec. 31, 2024
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 $9.8 million and $8.3 million as of December 31, 2024 and June 30, 2024, respectively, and the operating lease liability was $10.1 million and $8.6 million as of December 31, 2024 and June 30, 2024, 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. December 31, 2024 Weighted average remaining lease term Operating leases 16.2 years Weighted average discount rate Operating leases 3.30 % June 30, 2024 Weighted average remaining lease term Operating leases 15.8 years Weighted average discount rate Operating leases 2.92 % The Company recorded $260 thousand and $482 thousand of net lease costs during the three and six months ended December 31, 2024, respectively, and $224 thousand and $446 thousand of net lease costs during the three and six months ended December 31, 2023, respectively. Future minimum payments for operating leases with initial or remaining terms of one year or more as of June 30, 2024 were as follows: December 31, 2024 Operating (in thousands) Leases For the twelve months ended December 31, 2025 $ 835 2026 743 2027 762 2028 776 2029 790 Thereafter 9,403 Total future minimum lease payments $ 13,309 Amounts representing interest (3,247) Present value of net future minimum lease payments $ 10,062

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Dec. 31, 2024
Subsequent Events
Subsequent Events	Note 16 – Subsequent Events On January 15, 2025, the Company declared a cash dividend of $0.03 per share, payable on February 6, 2025, to common shareholders of record at the close of business on January 27, 2025.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (988)	$ (21)	$ 11	$ 179	$ (1,009)	$ 190

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2024
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 December 31, 2024, WPSLA held $221.7 million of the Bank’s $230.2 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 credit losses, goodwill, and income taxes. Actual results could differ from those estimates and assumptions. The interim unaudited consolidated financial statements reflect all normal and recurring adjustments, which are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. The results of operations for the three and six months ended December 31, 2024 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 Accounting Standards Codification (“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 Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative Recent Accounting Pronouncements Adopted 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 Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848.
Allowance for Credit Losses on Loans	Allowance for Credit Losses on Loans The Company maintains its allowance for credit losses (“ACL”) at a level that management believes to be appropriate to absorb estimated credit losses as of the date of the Consolidated Statements of Financial Condition. The Company established its allowance in accordance with the guidance included in Accounting Standards Codification (“ASC”) 326, Financial Instruments – Credit Losses Historical credit loss experience is the basis for the estimate of expected credit losses. We apply our historical loss rates and the historical loss rates of a group of peer banks identified by management to pools of loans with similar risk characteristics using the Weighted-Average Remaining Maturity (“WARM”) method. The remaining contractual life of the pools of loans with similar risk characteristics is adjusted by expected scheduled payments and prepayments. After consideration of the historical loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information. Our reasonable and supportable forecast adjustment is based on a regional economic indicator obtained from the St. Louis Federal Reserve economic database. The Company selected eight qualitative metrics which were correlated with the Bank and its peer group’s historical loss patterns. The eight qualitative metrics include: changes in lending policies and procedures, changes in national and local economic conditions as well as business conditions, changes in the nature, complexity, and volume of the portfolio, changes in the experience, ability, and depth of lenders and lending management, changes in the volume and severity of past due and classified loans, changes in the quality of the Bank’s loan review system, changes in the value of collateral securing the loans, and changes in or the existence of credit concentrations. The adjustments are weighted for relevance before applying to each pool of loans. Each quarter, management reviews the recommended adjustment factors and applies any additional adjustments based on local and current conditions. The Company has elected to exclude $2.0 million of accrued interest receivable as of December 31, 2024 and June 30, 2024 from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. Accrued interest on loans is reported in the accrued interest receivable and other assets line on the consolidated statements of financial condition. The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and, therefore, should be individually assessed. We evaluate all commercial loans that meet the following criteria: (1) when it is determined that foreclosure is probable, (2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, (3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Credit loss estimates are calculated based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition costs when appropriate. A charge-off is recorded if the fair value of the loan is less than the loan balance.
Allowance for Credit Losses on Unfunded Loan Commitments	Allowance for Credit Losses on Unfunded Loan Commitments The Company estimates expected credit losses over the contractual period in which the Bank is exposed to credit risk via a contractual obligation to extend credit unless that obligation is unconditionally cancellable by the Bank. The allowance for credit losses on unfunded loan commitments is included in accrued interest payable and other liabilities in the Company’s Statements of Financial Condition and is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life.
Allowance for Credit Losses on Held to Maturity Securities	Allowance for Credit Losses on Held to Maturity Securities The Company accounts for its held to maturity securities in accordance with Accounting Standards Codification (ASC) 326-20, Financial Instruments – Credit Loss – Measured at Amortized Cost The Company classifies its held to maturity debt securities into the following major security types: mortgage-backed securities, U.S. government agency securities and municipal bonds. Generally, the mortgage-backed securities and U.S. government agency securities are government guaranteed with a history of no credit losses and the municipal bonds are highly rated with a history of no credit losses. Credit ratings of the municipal bonds are reviewed on a quarterly basis. Based on the government guarantee, our historical experience including no credit losses, and the high credit rating of our municipal bonds, the Company determined that an allowance for credit losses on its held to maturity portfolio is not required as of December 31, 2024 and June 30, 2024. Accrued interest receivable on held to maturity debt securities totaled $112 thousand and $170 thousand as of December 31, 2024 and June 30, 2024, respectively, and is included within accrued interest receivable and other assets on the Company’s Consolidated Statements of Financial Condition. This amount is excluded from the estimate of expected credit losses. Generally, held to maturity debt securities are classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When held to maturity debt securities are placed on nonaccrual status, unpaid interest credited to income is reversed against interest income.
Allowance for Credit Losses on Available for Sale Securities	Allowance for Credit Losses on Available for Sale Securities The Company measures expected credit losses on available for sale debt securities when the Bank intends to sell, or when it is not more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the amortized cost basis of the security is written down to fair value through income. For available for sale debt securities that do not meet the previously mentioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. The ACL on available for sale debt securities is included within securities available for sale on the Consolidated Statements of Financial Condition. Changes in the allowance for credit losses are recorded within provision for credit losses on the Consolidated Statements of Income. Losses are charged against the allowance when the Company believes the collectability of an available for sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available for sale debt securities totaled $647 thousand and $662 thousand as of December 31, 2024 and June 30, 2024, respectively, and is included within accrued interest receivable and other assets on the Company’s Consolidated Statements of Financial Condition. This amount is excluded from the estimate of expected credit losses. Generally, available for sale debt securities are classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When available for sale debt securities are placed on nonaccrual status, unpaid interest credited to income is reversed against interest income.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Dec. 31, 2024
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 Six Months Ended December 31, December 31, (Dollars in thousands, except share and per share amounts) 2024 2023 2024 2023 Basic and diluted (loss) earnings per share: Net (loss) income $ (988) $ 11 $ (1,009) $ 190 Basic average common shares outstanding 8,140,493 8,845,633 8,172,952 9,723,078 Effect of dilutive securities 67,354 64,680 48,140 43,066 Dilutive average shares outstanding 8,207,847 8,910,313 8,221,092 9,766,144 (Loss) earnings per share: Basic $ (0.12) $ 0.00 $ (0.12) $ 0.02 Diluted $ (0.12) $ 0.00 $ (0.12) $ 0.02

Changes in and Reclassificati_2

Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Dec. 31, 2024
Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss
Schedule of changes in the balances of each component of accumulated other comprehensive loss ("AOCL")	(Dollars in thousands) Unrealized Losses on Securities Available for Sale Accumulated Other Comprehensive Loss (1) 2024 2023 Balance at June 30, $ (22,013) $ (23,378) Other comprehensive income (loss) before reclassifications 4,822 (4,587) Amounts reclassified from accumulated other comprehensive loss — — Period change 4,822 (4,587) Balance at September 30, $ (17,191) $ (27,965) Other comprehensive (loss) income before reclassifications (3,319) 7,088 Amounts reclassified from accumulated other comprehensive loss — (65) Period change (3,319) 7,023 Balance at December 31, $ (20,510) $ (20,942) (1) All amounts are net of tax. Related income tax expense is calculated using an income tax rate approximating 23% for both 2024 and 2023.
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 December 31, Affected Line Item in the Loss Components 2024 2023 Consolidated Statements of Income Securities available for sale: Net securities gains reclassified into net income $ — $ (85) Net gain on sale of securities Related income tax expense — 20 Income tax benefit $ — $ (65) (1) Amounts in parenthesis indicate debits. (Dollars in thousands) Amounts Reclassified from Accumulated Other Comprehensive Loss (2) Details about Accumulated Other Comprehensive Six Months Ended December 31, Affected Line Item in the Loss Components 2024 2023 Consolidated Statements of Income Securities available for sale: Net securities gains reclassified into net income $ — $ (85) Net gain on sale of securities Related income tax expense — 20 Income tax benefit $ — $ (65) (2) Amounts in parenthesis indicate debits.

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
Investment Securities (Tables)	Dec. 31, 2024
Investment Securities
Schedule of amortized cost, gross unrealized gains and losses, and estimated fair value of investments in debt securities	December 31, 2024 Gross Gross Allowance Amortized Unrealized Unrealized for Credit Fair (Dollars in thousands) Cost Gains Losses Losses Value Available For Sale: Mortgage-backed securities $ 107,394 $ 19 $ (17,593) $ — $ 89,820 U.S. agency collateralized mortgage obligations 8,594 — (1,654) — 6,940 U.S. government agency securities 614 — (76) — 538 Municipal bonds 19,958 — (5,043) — 14,915 Corporate bonds 35,200 — (2,324) — 32,876 Total Available For Sale $ 171,760 $ 19 $ (26,690) $ — $ 145,089 December 31, 2024 Gross Gross Allowance Amortized Unrealized Unrealized Fair for Credit (Dollars in thousands) Cost Gains Losses Value Losses Held To Maturity: Mortgage-backed securities $ 84,093 $ — $ (16,782) $ 67,311 $ — U.S. government agency securities 969 — — 969 — Municipal bonds 36 — — 36 — Total Held To Maturity $ 85,098 $ — $ (16,782) $ 68,316 $ — June 30, 2024 Gross Gross Allowance Amortized Unrealized Unrealized for Credit Fair (Dollars in thousands) Cost Gains Losses Losses Value Available For Sale: Mortgage-backed securities $ 112,439 $ 20 $ (17,334) $ — $ 95,125 U.S. agency collateralized mortgage obligations 8,937 — (1,737) — 7,200 U.S. government agency securities 769 1 (77) — 693 Municipal bonds 19,999 — (5,030) — 14,969 Corporate bonds 37,200 — (4,432) — 32,768 Total Available For Sale $ 179,344 $ 21 $ (28,610) $ — $ 150,755 June 30, 2024 Gross Gross Allowance Amortized Unrealized Unrealized Fair for Credit (Dollars in thousands) Cost Gains Losses Value Losses Held To Maturity: Mortgage-backed securities $ 87,526 $ — $ (16,216) $ 71,310 $ — U.S. government agency securities 5,482 — (13) 5,469 — Municipal bonds 48 — — 48 — Total Held To Maturity $ 93,056 $ — $ (16,229) $ 76,827 $ —
Schedule of amortized cost and fair value of debt securities by contractual maturity	December 31, 2024 Available For Sale Held To Maturity Amortized Fair Amortized Fair (Dollars in thousands) Cost Value Cost Value Due in one year or less $ — $ — $ 1,005 $ 1,005 Due after one year through five years 1,500 1,453 — — Due after five years through ten years 41,178 37,369 — — Due after ten years 129,082 106,267 84,093 67,311 $ 171,760 $ 145,089 $ 85,098 $ 68,316
Schedule of debt securities with unrealized loss position	December 31, 2024 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 $ — $ — $ 88,815 $ (17,593) $ 88,815 $ (17,593) U.S. agency collateralized mortgage obligations — — 6,940 (1,654) 6,940 (1,654) U.S. government agency securities 42 (1) 496 (75) 538 (76) Municipal bonds — — 14,915 (5,043) 14,915 (5,043) Corporate bonds — — 31,976 (2,324) 31,976 (2,324) 42 (1) 143,142 (26,689) 143,184 (26,690) Held To Maturity: Mortgage-backed securities — — 67,311 (16,782) 67,311 (16,782) — — 67,311 (16,782) 67,311 (16,782) $ 42 $ (1) $ 210,453 $ (43,471) $ 210,495 $ (43,472) June 30, 2024 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 $ — $ — $ 94,110 $ (17,334) $ 94,110 $ (17,334) U.S. agency collateralized mortgage obligations — — 7,200 (1,737) 7,200 (1,737) U.S. government agency securities — — 556 (77) 556 (77) Municipal bonds — — 14,969 (5,030) 14,969 (5,030) Corporate bonds — — 32,768 (4,432) 32,768 (4,432) — — 149,603 (28,610) 149,603 (28,610) Held To Maturity: Mortgage-backed securities — — 71,310 (16,216) 71,310 (16,216) U.S. government agency securities 982 (1) 4,487 (12) 5,469 (13) 982 (1) 75,797 (16,228) 76,779 (16,229) $ 982 $ (1) $ 225,400 $ (44,838) $ 226,382 $ (44,839)

Loans (Tables)

Loans (Tables)	6 Months Ended
Loans (Tables)	Dec. 31, 2024
Loans
Schedule of major classifications of loans	December 31, June 30, 2024 2024 (Dollars in thousands) Amount Percent Amount Percent Residential real estate: 1 - 4 family $ 125,477 26.69 % $ 127,911 27.00 % Home equity and HELOCs 29,999 6.38 30,767 6.50 Construction -residential 3,734 0.80 8,802 1.86 Commercial real estate: 1 - 4 family investor 88,692 18.87 92,284 19.49 Multi-family (five or more) 15,543 3.31 15,619 3.30 Commercial non-residential 178,041 37.87 158,481 33.46 Construction and land 10,267 2.18 22,687 4.79 Commercial 16,652 3.54 15,090 3.19 Consumer loans 1,703 0.36 1,920 0.41 Total Loans 470,108 100.00 % 473,561 100.00 % Allowance for credit losses (2,598) (2,989) Net Loans $ 467,510 $ 470,572
Schedule for changes in the allowance for credit losses	The following table presents, by loan portfolio segment, the changes in the allowance for credit losses for the three months ended December 31, 2024 and 2023: December 31, 2024 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 $ 321 $ 97 $ 42 $ 183 $ 33 $ 1,154 $ 125 $ 327 $ 240 $ 2,522 Charge-offs — — — — — — — — — — Recoveries — — — — — — — — — — Provision (recovery) (2) 2 (29) (1) — 178 (63) 8 (17) 76 Ending Balance $ 319 $ 99 $ 13 $ 182 $ 33 $ 1,332 $ 62 $ 335 $ 223 $ 2,598 December 31, 2023 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 $ 407 $ 131 $ 39 $ 325 $ 53 $ 1,767 $ 233 $ 340 $ 292 $ 3,587 Charge-offs — — — — — — — — (13) (13) Recoveries — — — — — — — — 2 2 Provision (recovery) (4) 84 5 (8) (1) (13) 7 (18) (27) 25 Ending Balance $ 403 $ 215 $ 44 $ 317 $ 52 $ 1,754 $ 240 $ 322 $ 254 $ 3,601 December 31, 2024 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 $ 325 $ 100 $ 31 $ 268 $ 32 $ 1,533 $ 147 $ 304 $ 249 $ 2,989 Charge-offs — — — — — — — — (18) (18) Recoveries — — — — — — — — 1 1 Provision (recovery) (6) (1) (18) (86) 1 (201) (85) 31 (9) (374) Ending Balance $ 319 $ 99 $ 13 $ 182 $ 33 $ 1,332 $ 62 $ 335 $ 223 $ 2,598 December 31, 2023 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 $ 486 $ 113 $ 214 $ 569 $ 89 $ 1,420 $ 281 $ 82 $ 59 $ 3,313 Impact of adopting ASU 2016-13 (67) 19 (174) (241) (30) 379 (93) 254 196 243 Charge-offs — — — — — — — — (13) (13) Recoveries — — — — — — — — 28 28 Provision (recovery) (16) 83 4 (11) (7) (45) 52 (14) (16) 30 Ending Balance $ 403 $ 215 $ 44 $ 317 $ 52 $ 1,754 $ 240 $ 322 $ 254 $ 3,601 December 31, 2024 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 319 99 13 182 33 1,332 62 335 223 2,598 Total allowance $ 319 $ 99 $ 13 $ 182 $ 33 $ 1,332 $ 62 $ 335 $ 223 $ 2,598 Loans receivable ending balance: Individually evaluated for impairment $ 1,003 $ 42 $ — $ 922 $ — $ 331 $ — $ — $ 105 $ 2,403 Collectively evaluated for impairment 124,474 29,957 3,734 87,770 15,543 177,710 10,267 16,652 1,598 467,705 Total portfolio $ 125,477 $ 29,999 $ 3,734 $ 88,692 $ 15,543 $ 178,041 $ 10,267 $ 16,652 $ 1,703 $ 470,108 June 30, 2024 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 325 100 31 268 32 1,533 147 304 249 2,989 Total allowance $ 325 $ 100 $ 31 $ 268 $ 32 $ 1,533 $ 147 $ 304 $ 249 $ 2,989 Loans receivable ending balance: Individually evaluated for impairment $ 1,221 $ 426 $ — $ 1,007 $ 194 $ 337 $ — $ — $ 126 $ 3,311 Collectively evaluated for impairment 126,690 30,341 8,802 91,277 15,425 158,144 22,687 15,090 1,794 470,250 Total portfolio $ 127,911 $ 30,767 $ 8,802 $ 92,284 $ 15,619 $ 158,481 $ 22,687 $ 15,090 $ 1,920 $ 473,561
Schedule of risk category of loans by class of loans	December 31, 2024 Term Loans Amortized Cost Basis by Origination Fiscal Year Revolving Loans Revolving Loans Amortized Converted 2025 2024 2023 2022 2021 Prior Cost Basis to Term Total 1 - 4 family investor Pass $ 627 $ 3,796 $ 9,740 $ 6,960 $ 17,047 $ 44,744 $ 3,403 $ 696 $ 87,013 Special Mention — — — — — 757 — — 757 Substandard — — 890 — — 32 — — 922 Doubtful — — — — — — — — — Loss — — — — — — — — — Total 1 - 4 family investor $ 627 $ 3,796 $ 10,630 $ 6,960 $ 17,047 $ 45,533 $ 3,403 $ 696 $ 88,692 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Multi-family (five or more) Pass $ 486 $ 329 $ 1,289 $ 1,284 $ 3,778 $ 8,377 $ — $ — $ 15,543 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total Multi-family $ 486 $ 329 $ 1,289 $ 1,284 $ 3,778 $ 8,377 $ — $ — $ 15,543 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial non-residential Pass $ 12,065 $ 12,999 $ 21,191 $ 69,317 $ 24,268 $ 32,852 $ — $ 87 $ 172,779 Special Mention — — — — 4,931 — — — 4,931 Substandard — — — — 319 12 — — 331 Doubtful — — — — — — — — — Loss — — — — — — — — — Total Commercial non-residential $ 12,065 $ 12,999 $ 21,191 $ 69,317 $ 29,518 $ 32,864 $ — $ 87 $ 178,041 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction and land Pass $ 1,294 $ 6,668 $ 798 $ — $ — $ 1,507 $ — $ — $ 10,267 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total Construction and land $ 1,294 $ 6,668 $ 798 $ — $ — $ 1,507 $ — $ — $ 10,267 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 96 $ 853 $ 7,591 $ 7,717 $ — $ 395 $ — $ — $ 16,652 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total Commercial $ 96 $ 853 $ 7,591 $ 7,717 $ — $ 395 $ — $ — $ 16,652 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — June 30, 2024 Term Loans Amortized Cost Basis by Origination Fiscal Year Revolving Loans Revolving Loans Amortized Converted 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total 1 - 4 family investor Pass $ 3,852 $ 10,948 $ 6,228 $ 17,462 $ 11,855 $ 36,635 $ 2,702 $ 706 $ 90,388 Special Mention — — — — — 889 — — 889 Substandard — — 930 — — 77 — — 1,007 Doubtful — — — — — — — — — Loss — — — — — — — — — Total 1 - 4 family investor $ 3,852 $ 10,948 $ 7,158 $ 17,462 $ 11,855 $ 37,601 $ 2,702 $ 706 $ 92,284 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Multi-family (five or more) Pass $ 331 $ 1,307 $ 1,310 $ 4,072 $ 5,508 $ 2,897 $ — $ — $ 15,425 Special Mention — — — — — — — — — Substandard — — — — — 194 — — 194 Doubtful — — — — — — — — — Loss — — — — — — — — — Total Multi-family $ 331 $ 1,307 $ 1,310 $ 4,072 $ 5,508 $ 3,091 $ — $ — $ 15,619 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial non-residential Pass $ 11,970 $ 20,964 $ 59,973 $ 30,013 $ 15,668 $ 19,465 $ — $ 91 $ 158,144 Special Mention — — — — — — — — — Substandard — — — 319 — 18 — — 337 Doubtful — — — — — — — — — Loss — — — — — — — — — Total Commercial non-residential $ 11,970 $ 20,964 $ 59,973 $ 30,332 $ 15,668 $ 19,483 $ — $ 91 $ 158,481 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction and land Pass $ 4,341 $ 5,797 $ 10,501 $ — $ — $ 2,048 $ — $ — $ 22,687 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total Construction and land $ 4,341 $ 5,797 $ 10,501 $ — $ — $ 2,048 $ — $ — $ 22,687 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 593 $ 6,914 $ 7,367 $ — $ 14 $ 202 $ — $ — $ 15,090 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Loss — — — — — — — — — Total Commercial $ 593 $ 6,914 $ 7,367 $ — $ 14 $ 202 $ — $ — $ 15,090 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2024 Term Loans Amortized Cost Basis by Origination Fiscal Year Revolving Loans Revolving Loans Amortized Converted 2025 2024 2023 2022 2021 Prior Cost Basis to Term Total 1 - 4 family residential Performing $ 6,356 $ 10,286 $ 7,540 $ 12,926 $ 14,599 $ 72,767 $ — $ — $ 124,474 Non-performing — — — — — 1,003 — — 1,003 Total 1 - 4 family residential $ 6,356 $ 10,286 $ 7,540 $ 12,926 $ 14,599 $ 73,770 $ — $ — $ 125,477 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Home equity & HELOCs Performing $ 633 $ 1,587 $ 2,046 $ 444 $ 764 $ 4,493 $ 18,469 $ 1,521 $ 29,957 Non-performing — — — — — — — 42 42 Total Home equity & HELOCs $ 633 $ 1,587 $ 2,046 $ 444 $ 764 $ 4,493 $ 18,469 $ 1,563 $ 29,999 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction residential Performing $ 1,331 $ 2,308 $ — $ — $ 95 $ — $ — $ — $ 3,734 Non-performing — — — — — — — — — Total construction residential $ 1,331 $ 2,308 $ — $ — $ 95 $ — $ — $ — $ 3,734 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ — $ 108 $ — $ 30 $ — $ 957 $ — $ 503 $ 1,598 Non-performing — — — — — 105 — — 105 Total Consumer $ — $ 108 $ — $ 30 $ — $ 1,062 $ — $ 503 $ 1,703 Current period gross charge-offs $ — $ — $ — $ — $ — $ 18 $ — $ — $ 18 June 30, 2024 Term Loans Amortized Cost Basis by Origination Fiscal Year Revolving Loans Revolving Loans Amortized Converted 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total 1 - 4 family residential Performing $ 11,987 $ 7,765 $ 13,307 $ 15,162 $ 8,412 $ 70,057 $ — $ — $ 126,690 Non-performing — — — — — 1,221 — — 1,221 Total 1 - 4 family residential $ 11,987 $ 7,765 $ 13,307 $ 15,162 $ 8,412 $ 71,278 $ — $ — $ 127,911 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Home equity & HELOCs Performing $ 1,685 $ 2,164 $ 474 $ 859 $ 576 $ 4,595 $ 18,333 $ 1,655 $ 30,341 Non-performing — — — — — — 381 45 426 Total Home equity & HELOCs $ 1,685 $ 2,164 $ 474 $ 859 $ 576 $ 4,595 $ 18,714 $ 1,700 $ 30,767 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction residential Performing $ 5,180 $ 2,510 $ 105 $ 1,007 $ — $ — $ — $ — $ 8,802 Non-performing — — — — — — — — — Total construction residential $ 5,180 $ 2,510 $ 105 $ 1,007 $ — $ — $ — $ — $ 8,802 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Performing $ 123 $ 116 $ 45 $ — $ 3 $ 1,507 $ — $ — $ 1,794 Non-performing — — — — — 126 — — 126 Total Consumer $ 123 $ 116 $ 45 $ — $ 3 $ 1,633 $ — $ — $ 1,920 Current period gross charge-offs $ — $ — $ — $ — $ — $ 13 $ — $ — $ 13
Schedule of aging analysis of past due loans	Aged Analysis of Past Due and Non-accrual Loans As of December 31, 2024 Recorded Recorded Investment Investment 30 - 59 Days 60 - 89 Days 90 Days Total Past Total Loans >90 Days and Loans on (Dollar amounts in thousands) Past Due Past Due Or Greater Due Current Receivable Accruing Non-Accrual Residential real estate: 1 - 4 family $ 80 $ 10 $ 712 $ 802 $ 124,675 $ 125,477 $ — $ 1,003 Home equity and HELOCs 19 — 42 61 29,938 29,999 — 42 Construction - residential — 6 — 6 3,728 3,734 — — Commercial real estate: 1 - 4 family investor — 15 — 15 88,677 88,692 — 922 Multi-family — — — — 15,543 15,543 — — Commercial non-residential — — 331 331 177,710 178,041 — 331 Construction and land — — — — 10,267 10,267 — — Commercial — — — — 16,652 16,652 — — Consumer — 13 — 13 1,690 1,703 — 105 Total $ 99 $ 44 $ 1,085 $ 1,228 $ 468,880 $ 470,108 $ — $ 2,403 Aged Analysis of Past Due and Non-accrual Loans As of June 30, 2024 Recorded Recorded Investment Investment 30 - 59 Days 60 - 89 Days 90 Days Total Past Total Loans >90 Days and Loans on (Dollar amounts in thousands) Past Due Past Due Or Greater Due Current Receivable Accruing Non-Accrual Residential real estate: 1 - 4 family $ 153 $ 539 $ 162 $ 854 $ 127,057 $ 127,911 $ — $ 1,221 Home equity and HELOCs 49 — — 49 30,718 30,767 — 426 Construction - residential — — — — 8,802 8,802 — — Commercial real estate: 1 - 4 family investor 85 930 — 1,015 91,269 92,284 — 1,007 Multi-family — — — — 15,619 15,619 — 194 Commercial non-residential 60 — 337 397 158,084 158,481 — 337 Construction and land — — — — 22,687 22,687 — — Commercial — — — — 15,090 15,090 — — Consumer — — 18 18 1,902 1,920 — 126 Total $ 347 $ 1,469 $ 517 $ 2,333 $ 471,228 $ 473,561 $ — $ 3,311

Premises and Equipment (Tables)

Premises and Equipment (Tables)	6 Months Ended
Premises and Equipment (Tables)	Dec. 31, 2024
Premises and Equipment
Schedule of components of premises and equipment	December 31, June 30, (Dollars in thousands) 2024 2024 Land $ 1,441 $ 1,441 Office buildings and improvements 7,953 7,921 Furniture, fixtures and equipment 2,291 2,293 Automobiles 58 58 11,743 11,713 Accumulated depreciation (4,866) (4,527) $ 6,877 $ 7,186

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	6 Months Ended
Goodwill and Intangibles (Tables)	Dec. 31, 2024
Goodwill and Intangibles
Schedule of goodwill and other intangibles	Core Deposit (Dollars in thousands) Goodwill Intangibles Balance, June 30, 2024 $ 4,858 $ 356 Adjustments: Additions — — Amortization — (33) Balance, September 30, 2024 $ 4,858 $ 323 Adjustments: Additions — — Amortization — (34) Balance, December 31, 2024 $ 4,858 $ 289 Core Deposit (Dollars in thousands) Goodwill Intangibles Balance, June 30, 2023 $ 4,858 $ 519 Adjustments: Additions — — Amortization — (41) Balance, September 30, 2023 $ 4,858 $ 478 Adjustments: Additions — — Amortization — (41) Balance, December 31, 2023 $ 4,858 $ 437

Deposits (Tables)

Deposits (Tables)	6 Months Ended
Deposits (Tables)	Dec. 31, 2024
Deposits.
Schedule of classification of deposits	(Dollars in thousands) December 31, 2024 June 30, 2024 Non-interest bearing checking $ 59,201 $ 64,627 Interest bearing checking 130,436 132,927 Money market accounts 171,881 176,422 Savings and club accounts 78,138 82,173 Certificates of deposit 187,780 173,661 $ 627,436 $ 629,810

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
Stock Based Compensation (Tables)	Dec. 31, 2024
Stock Based Compensation
Schedule of restricted stock activity	Weighted Number of Average Summary of Non-vested Restricted Stock Award Activity Shares Grant Price Non-vested Restricted Stock Awards outstanding July 1, 2024 313,989 $ 11.73 Issued — — Vested — — Forfeited — — Non-vested Restricted Stock Awards outstanding December 31, 2024 313,989 $ 11.73 Weighted Number of Average Summary of Non-vested Restricted Stock Award Activity Shares Grant Price Non-vested Restricted Stock Awards outstanding July 1, 2023 383,258 $ 11.66 Issued — — Vested — — Forfeited — — Non-vested Restricted Stock Awards outstanding December 31, 2023 383,258 $ 11.66
Schedule of stock option activity	Weighted Number of Exercise Price Summary of Stock Option Activity Options per Shares Beginning balance July 1, 2024 1,264,000 $ 11.71 Granted — — Exercised Forfeited — — Expired — — Ending balance December 31, 2024 1,264,000 $ 11.71 Weighted Number of Exercise Price Summary of Stock Option Activity Options per Shares Beginning balance July 1, 2023 1,197,640 $ 11.66 Granted — — Exercised — — Forfeited — — Expired — — Ending balance December 31, 2023 1,197,640 $ 11.66

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2024
Commitments and Contingencies.
Schedule of company's loan commitments	December 31, June 30, (Dollars in thousands) 2024 2024 Commitments to extend credit $ 16,171 $ 15,676 Unfunded commitments under lines of credit 65,044 65,705 Standby letters of credit 118 86

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	6 Months Ended
Regulatory Capital Requirements (Tables)	Dec. 31, 2024
Regulatory Capital Requirements
Schedule of compliance with CBLR framework requirement	CBLR Framework As of December 31, 2024 Actual Requirement (Dollars in thousands except for ratios) Amount Ratio Amount Ratio William Penn Bank: Tier 1 leverage $ 134,541 16.66% $ 72,688 9.00% CBLR Framework As of June 30, 2024 Actual Requirement (Dollars in thousands except for ratios) Amount Ratio Amount Ratio William Penn Bank: Tier 1 leverage $ 134,494 16.10% $ 75,164 9.00%

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
Fair Value of Financial Instruments (Tables)	Dec. 31, 2024
Fair Value of Financial Instruments
Schedule of assets measured at fair value on recurring basis	December 31, 2024 (Dollars in thousands) Level I Level II Level III Total Assets: Investments available for sale: Mortgage-backed securities $ — $ 89,820 $ — $ 89,820 U.S. agency collateralized mortgage obligations — 6,940 — 6,940 U.S. government agency securities — 538 — 538 Municipal bonds — 14,915 — 14,915 Corporate bonds — 32,876 — 32,876 Equity securities 2,297 — — 2,297 Total Assets $ 2,297 $ 145,089 $ — $ 147,386 June 30, 2024 (Dollars in thousands) Level I Level II Level III Total Assets: Investments available for sale: Mortgage-backed securities $ — $ 95,125 $ — $ 95,125 U.S. agency collateralized mortgage obligations — 7,200 — 7,200 U.S. government agency securities — 693 — 693 Municipal bonds — 14,969 — 14,969 Corporate bonds — 32,768 — 32,768 Equity securities 2,016 — — 2,016 Total Assets $ 2,016 $ 150,755 $ — $ 152,771
Schedule of carrying amount and fair value of financial assets and liabilities	Fair Value Measurements at December 31, 2024 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 $ 467,510 $ 438,764 $ — $ — $ 438,764 Securities held to maturity 85,098 68,316 — 68,316 — Financial instruments - liabilities: Certificates of deposit 187,780 186,718 — — 186,718 Advances from Federal Home Loan Bank 28,000 28,000 — — 28,000 Off-balance sheet financial instruments — — — — — Fair Value Measurements at June 30, 2024 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 $ 470,572 $ 439,118 $ — $ — $ 439,118 Securities held to maturity 93,056 76,827 — 76,827 — Financial instruments - liabilities: Certificates of deposit 173,661 171,613 — — 171,613 Advances from Federal Home Loan Bank 48,000 48,000 — — 48,000 Off-balance sheet financial instruments — — — — —

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Dec. 31, 2024
Leases
Schedule of weighted average remaining lease term and discount rate	December 31, 2024 Weighted average remaining lease term Operating leases 16.2 years Weighted average discount rate Operating leases 3.30 % June 30, 2024 Weighted average remaining lease term Operating leases 15.8 years Weighted average discount rate Operating leases 2.92 %
Summary of maturities of the Company's lease liabilities	December 31, 2024 Operating (in thousands) Leases For the twelve months ended December 31, 2025 $ 835 2026 743 2027 762 2028 776 2029 790 Thereafter 9,403 Total future minimum lease payments $ 13,309 Amounts representing interest (3,247) Present value of net future minimum lease payments $ 10,062

Nature of Operations (Details)

Nature of Operations (Details) $ / shares in Units, $ in Thousands		3 Months Ended
	Mar. 24, 2021 USD ($) $ / shares shares	Dec. 31, 2024 USD ($) Office	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Oct. 31, 2024 shares
Nature of Operations
ESOP shares committed to be released		$ 113	$ 105	$ 109	$ 102
Percentage of shares of the outstanding stock sold	6.97%
Number of full service branch offices \| Office		12
Mid Penn Bancorp, Inc. ("Mid Penn")
Nature of Operations
Common stock conversion \| shares						0.426
Additional Paid-in Capital
Nature of Operations
Cash Acquired from Acquisition	$ 5,400
ESOP shares committed to be released		$ 11	$ 4	$ 7	$ 1
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 ratio	3.2585
Percentage of shares sold in offering	8%
Percentage of aggregate purchase price of common stock	100%
ESOP shares issued \| shares	881,130
ESOP shares committed to be released	$ 10,100
Ownership percentage held by parent (as a percent)		100%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Summary of Significant Accounting Policies
Accrued interest receivable on loans	$ 2,000	$ 2,000
Accrued interest receivable on loans, extensible list	Accrued interest receivable and other assets	Accrued interest receivable and other assets
Accrued interest receivable on held to maturity debt securities	$ 112	$ 170
Accrued interest receivable on held to maturity debt securities, extensible list	Accrued interest receivable and other assets	Accrued interest receivable and other assets
Accrued interest receivable on available for sale debt securities	$ 647	$ 662
Accrued interest receivable on available for sale debt securities, extensible list	Accrued interest receivable and other assets	Accrued interest receivable and other assets
WPSLA Investment Corporation
Summary of Significant Accounting Policies
Loans held in portfolio	$ 221,700
Investment securities portfolio	$ 230,200

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
Earnings Per Share (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Antidilutive securities	0		0		0	0
Net (loss) income	$ (988)	$ (21)	$ 11	$ 179	$ (1,009)	$ 190
Employee Stock Option
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Antidilutive securities	1,264,000		1,197,640		1,264,000	1,197,640

Earnings Per Share - Computatio

Earnings Per Share - Computation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Composition of the weighted average common shares used in the basic and diluted earnings per share computation
Net (loss) income	$ (988)	$ (21)	$ 11	$ 179	$ (1,009)	$ 190
Basic average common shares outstanding	8,140,493		8,845,633		8,172,952	9,723,078
Effect of dilutive securities	67,354		64,680		48,140	43,066
Dilutive average shares outstanding	8,207,847		8,910,313		8,221,092	9,766,144
Basic (in dollars per share)	$ (0.12)		$ 0		$ (0.12)	$ 0.02
Diluted (in dollars per share)	$ (0.12)		$ 0		$ (0.12)	$ 0.02

Changes in and Reclassificati_3

Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss - Changes in AOCL (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss
Beginning balance	$ 128,253	$ 124,601	$ 136,394	$ 160,745	$ 124,601	$ 160,745
Period change	(3,319)	4,822	7,023	(4,587)	1,503	2,436
Ending balance	124,201	128,253	128,946	136,394	$ 124,201	$ 128,946
Income tax rate					23%	23%
Unrealized Losses on Securities Available for Sale
Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss
Beginning balance	(17,191)	(22,013)	(27,965)	(23,378)	$ (22,013)	$ (23,378)
Other comprehensive income (loss) before reclassifications	(3,319)	4,822	7,088	(4,587)
Amounts reclassified from accumulated other comprehensive loss			(65)
Period change	(3,319)	4,822	7,023	(4,587)
Ending balance	$ (20,510)	$ (17,191)	$ (20,942)	$ (27,965)	$ (20,510)	$ (20,942)

Changes in and Reclassificati_4

Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss- Reclassifications out of AOCL (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss
Net securities gains reclassified into net income			$ 85			$ 85
Related income tax expense	$ 177		68		$ 293	83
NET (LOSS) INCOME	$ (988)	$ (21)	11	$ 179	$ (1,009)	190
Reclassifications out of AOCI \| Unrealized Losses on Securities Available for Sale
Changes in and Reclassifications Out of Accumulated Other Comprehensive Loss
Net securities gains reclassified into net income			(85)			(85)
Related income tax expense			20			20
NET (LOSS) INCOME			$ (65)			$ (65)

Investment Securities - Debt Se

Investment Securities - Debt Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Available For Sale:
Amortized Cost	$ 171,760	$ 179,344
Gross Unrealized Gains	19	21
Gross Unrealized Losses	(26,690)	(28,610)
Fair value	145,089	150,755
Held To Maturity:
Amortized Cost	85,098	93,056
Gross Unrealized Losses	(16,782)	(16,229)
Fair value	68,316	76,827
Allowance for credit losses	0	0
Mortgage-backed securities
Available For Sale:
Amortized Cost	107,394	112,439
Gross Unrealized Gains	19	20
Gross Unrealized Losses	(17,593)	(17,334)
Fair value	89,820	95,125
Held To Maturity:
Amortized Cost	84,093	87,526
Gross Unrealized Losses	(16,782)	(16,216)
Fair value	67,311	71,310
U.S. agency collateralized mortgage obligations
Available For Sale:
Amortized Cost	8,594	8,937
Gross Unrealized Losses	(1,654)	(1,737)
Fair value	6,940	7,200
U.S. government agency securities
Available For Sale:
Amortized Cost	614	769
Gross Unrealized Gains		1
Gross Unrealized Losses	(76)	(77)
Fair value	538	693
Held To Maturity:
Amortized Cost	969	5,482
Gross Unrealized Losses		(13)
Fair value	969	5,469
Municipal bonds
Available For Sale:
Amortized Cost	19,958	19,999
Gross Unrealized Losses	(5,043)	(5,030)
Fair value	14,915	14,969
Held To Maturity:
Amortized Cost	36	48
Fair value	36	48
Corporate bonds
Available For Sale:
Amortized Cost	35,200	37,200
Gross Unrealized Losses	(2,324)	(4,432)
Fair value	$ 32,876	$ 32,768

Investment Securities - Securit

Investment Securities - Securities by contractual maturity (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Available for sale, Amortized Cost
Due after one year through five years	$ 1,500
Due after five years through ten years	41,178
Due after ten years	129,082
Amortized Cost	171,760
Available for sale, Fair Value
Due after one year through five years	1,453
Due after five years through ten years	37,369
Due after ten years	106,267
Fair Value	145,089
Held to maturity, Amortized Cost
Due in one year or less	1,005
Due after ten years	84,093
Amortized Cost	85,098
Held to maturity, Fair Value
Due in one year or less	1,005
Due after ten years	67,311
Fair Value	$ 68,316

Investment Securities - Investm

Investment Securities - Investments with unrealized losses (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Fair Value
Less than 12 Months	$ 42
12 Months or More	143,142	$ 149,603
Total Fair Value	143,184	149,603
Unrealized Losses
Less than 12 Months	(1)
12 Months or More	(26,689)	(28,610)
Total Unrealized Losses	(26,690)	(28,610)
Fair Value
Less than 12 Months		982
12 Months or More	67,311	75,797
Total Fair Value	67,311	76,779
Unrealized Losses
Less than 12 Months		(1)
12 Months or More	(16,782)	(16,228)
Total Unrealized Losses	(16,782)	(16,229)
Less than 12 Months Fair Value	42	982
12 Months or More Fair Value	210,453	225,400
Total Fair Value	210,495	226,382
Less than 12 Months Unrealized Losses	(1)	(1)
12 Months or More Unrealized Losses	(43,471)	(44,838)
Total Unrealized Losses	(43,472)	(44,839)
Mortgage-backed securities
Fair Value
12 Months or More	88,815	94,110
Total Fair Value	88,815	94,110
Unrealized Losses
12 Months or More	(17,593)	(17,334)
Total Unrealized Losses	(17,593)	(17,334)
Fair Value
12 Months or More	67,311	71,310
Total Fair Value	67,311	71,310
Unrealized Losses
12 Months or More	(16,782)	(16,216)
Total Unrealized Losses	(16,782)	(16,216)
U.S. agency collateralized mortgage obligations
Fair Value
12 Months or More	6,940	7,200
Total Fair Value	6,940	7,200
Unrealized Losses
12 Months or More	(1,654)	(1,737)
Total Unrealized Losses	(1,654)	(1,737)
U.S. government agency securities
Fair Value
Less than 12 Months	42
12 Months or More	496	556
Total Fair Value	538	556
Unrealized Losses
Less than 12 Months	(1)
12 Months or More	(75)	(77)
Total Unrealized Losses	(76)	(77)
Fair Value
Less than 12 Months		982
12 Months or More		4,487
Total Fair Value		5,469
Unrealized Losses
Less than 12 Months		(1)
12 Months or More		(12)
Total Unrealized Losses		(13)
Municipal bonds
Fair Value
12 Months or More	14,915	14,969
Total Fair Value	14,915	14,969
Unrealized Losses
12 Months or More	(5,043)	(5,030)
Total Unrealized Losses	(5,043)	(5,030)
Corporate bonds
Fair Value
12 Months or More	31,976	32,768
Total Fair Value	31,976	32,768
Unrealized Losses
12 Months or More	(2,324)	(4,432)
Total Unrealized Losses	$ (2,324)	$ (4,432)

Investment Securities (Details)

Investment Securities (Details) $ in Thousands	3 Months Ended		6 Months Ended
Investment Securities (Details) $ in Thousands	Dec. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($)	Dec. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) security
Investment Securities
Proceeds from sale of securities	$ 0	$ 2,400	$ 0	$ 2,438
Number of securities held for less than 12 months \| security					1
Number of securities held for greater than 12 months \| security	120		120		124
Pledged investment securities	$ 2,500		$ 2,500		$ 2,600
Financial Instrument, Owned, Pledging Purpose	wmpn:MunicipalDeposits		wmpn:MunicipalDeposits		wmpn:MunicipalDeposits
Financial Instrument, Owned, Pledged Status	us-gaap:AssetPledgedAsCollateralWithoutRightMember		us-gaap:AssetPledgedAsCollateralWithoutRightMember		us-gaap:AssetPledgedAsCollateralWithoutRightMember
Number of equity securities \| security	1		1		1
Equity securities	$ 2,297		$ 2,297		$ 2,016
Unrealized gain on equity securities	$ 202	148	$ 281	221
Gross realized losses		$ 85		$ 85

Loans - Major classifications o

Loans - Major classifications of loans (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Loans and Leases Receivable Disclosure [Line Items]
Deferred loan fees (costs)	$ 501		$ 545
Total Loans	470,108		473,561
Allowance for credit losses	(2,598)	$ (2,522)	(2,989)	$ (3,601)	$ (3,587)
Net Loans	$ 467,510		$ 470,572
Percentage of loans	100%		100%
Residential real estate \| 1-4 Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 125,477		$ 127,911
Allowance for credit losses	$ (319)	(321)	$ (325)	(403)	(407)
Percentage of loans	26.69%		27%
Residential real estate \| Home equity and HELOCs
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 29,999		$ 30,767
Allowance for credit losses	$ (99)	(97)	$ (100)	(215)	(131)
Percentage of loans	6.38%		6.50%
Residential real estate \| Construction -residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 3,734		$ 8,802
Allowance for credit losses	$ (13)	(42)	$ (31)	(44)	(39)
Percentage of loans	0.80%		1.86%
Commercial real estate \| 1-4 Family
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 88,692		$ 92,284
Allowance for credit losses	(182)		(268)	(317)
Commercial real estate \| 1 - 4 family investor
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	88,692		92,284
Allowance for credit losses	$ (182)	(183)	$ (268)	(317)	(325)
Percentage of loans	18.87%		19.49%
Commercial real estate \| Multi-family (five or more)
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 15,543		$ 15,619
Allowance for credit losses	$ (33)	(33)	$ (32)	(52)	(53)
Percentage of loans	3.31%		3.30%
Commercial real estate \| Commercial non-residential
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 178,041		$ 158,481
Allowance for credit losses	$ (1,332)	(1,154)	$ (1,533)	(1,754)	(1,767)
Percentage of loans	37.87%		33.46%
Commercial real estate \| Construction and land
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 10,267		$ 22,687
Allowance for credit losses	$ (62)	(125)	$ (147)	(240)	(233)
Percentage of loans	2.18%		4.79%
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 16,652		$ 15,090
Allowance for credit losses	$ (335)	(327)	$ (304)	(322)	(340)
Percentage of loans	3.54%		3.19%
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 1,703		$ 1,920
Allowance for credit losses	$ (223)	$ (240)	$ (249)	$ (254)	$ (292)
Percentage of loans	0.36%		0.41%

Loans - PPP (Details)

Loans - PPP (Details) - USD ($) $ in Thousands	6 Months Ended
Loans - PPP (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 470,108	$ 473,561
Mortgage Loan Serviced To Others
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 10,300	$ 11,200
Servicing rights basis points received	0.25%

Loans - Allowance for loan loss

Loans - Allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Allowance for credit losses:
Beginning balance				$ 3,313	$ 3,313
Allowance for loan losses
Beginning balance	$ 2,522	$ 3,587	$ 2,989
Allowance for loan losses	2,598	3,601	2,598	3,601	2,989
Charge-offs		(13)	(18)	(13)
Recoveries		2	1	28
Provision	76	25	(374)	30
Ending balance	2,598	3,601	2,598	3,601	2,989
Allowance ending balance:
Collectively evaluated for impairment	2,598		2,598		2,989
Allowance for loan losses	2,598	3,601	2,598	3,601	2,989
Individually evaluated for impairment	2,403		2,403		3,311
Collectively evaluated for impairment	467,705		467,705		470,250
Allowance for loan losses
Total Loans	470,108		470,108		473,561
Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for credit losses:
Beginning balance				243	243
Allowance for loan losses
Allowance ending balance:
Allowance for loan losses
Residential real estate \| 1-4 Family
Allowance for credit losses:
Beginning balance				486	486
Allowance for loan losses
Beginning balance	321	407	325
Allowance for loan losses	319	403	319	403	325
Provision	(2)	(4)	(6)	(16)
Ending balance	319	403	319	403	325
Allowance ending balance:
Collectively evaluated for impairment	319		319		325
Allowance for loan losses	319	403	319	403	325
Individually evaluated for impairment	1,003		1,003		1,221
Collectively evaluated for impairment	124,474		124,474		126,690
Allowance for loan losses
Total Loans	125,477		125,477		127,911
Residential real estate \| 1-4 Family \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for credit losses:
Beginning balance				(67)	(67)
Allowance for loan losses
Allowance ending balance:
Allowance for loan losses
Residential real estate \| Home equity and HELOCs
Allowance for credit losses:
Beginning balance				113	113
Allowance for loan losses
Beginning balance	97	131	100
Allowance for loan losses	99	215	99	215	100
Provision	2	84	(1)	83
Ending balance	99	215	99	215	100
Allowance ending balance:
Collectively evaluated for impairment	99		99		100
Allowance for loan losses	99	215	99	215	100
Individually evaluated for impairment	42		42		426
Collectively evaluated for impairment	29,957		29,957		30,341
Allowance for loan losses
Total Loans	29,999		29,999		30,767
Residential real estate \| Home equity and HELOCs \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for credit losses:
Beginning balance				19	19
Allowance for loan losses
Allowance ending balance:
Allowance for loan losses
Residential real estate \| Construction Residential
Allowance for credit losses:
Beginning balance				214	214
Allowance for loan losses
Beginning balance	42	39	31
Allowance for loan losses	13	44	13	44	31
Provision	(29)	5	(18)	4
Ending balance	13	44	13	44	31
Allowance ending balance:
Collectively evaluated for impairment	13		13		31
Allowance for loan losses	13	44	13	44	31
Collectively evaluated for impairment	3,734		3,734		8,802
Allowance for loan losses
Total Loans	3,734		3,734		8,802
Residential real estate \| Construction Residential \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for credit losses:
Beginning balance				(174)	(174)
Allowance for loan losses
Allowance ending balance:
Allowance for loan losses
Commercial real estate \| 1-4 Family
Allowance for credit losses:
Beginning balance				569	569
Allowance for loan losses
Beginning balance			268
Allowance for loan losses	182	317	182	317	268
Provision			(86)	(11)
Ending balance	182	317	182	317	268
Allowance ending balance:
Collectively evaluated for impairment	182		182
Allowance for loan losses	182	317	182	317	268
Individually evaluated for impairment	922		922
Collectively evaluated for impairment	87,770		87,770
Allowance for loan losses
Total Loans	88,692		88,692		92,284
Commercial real estate \| 1-4 Family \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for credit losses:
Beginning balance				(241)	(241)
Allowance for loan losses
Allowance ending balance:
Allowance for loan losses
Commercial real estate \| 1 - 4 family investor
Allowance for credit losses:
Beginning balance	183	325	268
Allowance for loan losses	182	317	182	317	268
Provision	(1)	(8)
Ending balance	182	317	182	317	268
Allowance ending balance:
Collectively evaluated for impairment					268
Allowance for loan losses	182	317	182	317	268
Individually evaluated for impairment					1,007
Collectively evaluated for impairment					91,277
Total Loans	88,692		88,692		92,284
Commercial real estate \| Multi-family (five or more)
Allowance for credit losses:
Beginning balance				89	89
Allowance for loan losses
Beginning balance	33	53	32
Allowance for loan losses	33	52	33	52	32
Provision		(1)	1	(7)
Ending balance	33	52	33	52	32
Allowance ending balance:
Collectively evaluated for impairment	33		33		32
Allowance for loan losses	33	52	33	52	32
Individually evaluated for impairment					194
Collectively evaluated for impairment	15,543		15,543		15,425
Allowance for loan losses
Total Loans	15,543		15,543		15,619
Commercial real estate \| Multi-family (five or more) \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for credit losses:
Beginning balance				(30)	(30)
Allowance for loan losses
Allowance ending balance:
Allowance for loan losses
Commercial real estate \| Commercial non-residential
Allowance for credit losses:
Beginning balance				1,420	1,420
Allowance for loan losses
Beginning balance	1,154	1,767	1,533
Allowance for loan losses	1,332	1,754	1,332	1,754	1,533
Provision	178	(13)	(201)	(45)
Ending balance	1,332	1,754	1,332	1,754	1,533
Allowance ending balance:
Collectively evaluated for impairment	1,332		1,332		1,533
Allowance for loan losses	1,332	1,754	1,332	1,754	1,533
Individually evaluated for impairment	331		331		337
Collectively evaluated for impairment	177,710		177,710		158,144
Allowance for loan losses
Total Loans	178,041		178,041		158,481
Commercial real estate \| Commercial non-residential \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for credit losses:
Beginning balance				379	379
Allowance for loan losses
Allowance ending balance:
Allowance for loan losses
Commercial real estate \| Construction and land
Allowance for credit losses:
Beginning balance				281	281
Allowance for loan losses
Beginning balance	125	233	147
Allowance for loan losses	62	240	62	240	147
Provision	(63)	7	(85)	52
Ending balance	62	240	62	240	147
Allowance ending balance:
Collectively evaluated for impairment	62		62		147
Allowance for loan losses	62	240	62	240	147
Collectively evaluated for impairment	10,267		10,267		22,687
Allowance for loan losses
Total Loans	10,267		10,267		22,687
Commercial real estate \| Construction and land \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for credit losses:
Beginning balance				(93)	(93)
Allowance for loan losses
Allowance ending balance:
Allowance for loan losses
Commercial
Allowance for credit losses:
Beginning balance				82	82
Allowance for loan losses
Beginning balance	327	340	304
Allowance for loan losses	335	322	335	322	304
Provision	8	(18)	31	(14)
Ending balance	335	322	335	322	304
Allowance ending balance:
Collectively evaluated for impairment	335		335		304
Allowance for loan losses	335	322	335	322	304
Collectively evaluated for impairment	16,652		16,652		15,090
Allowance for loan losses
Total Loans	16,652		16,652		15,090
Commercial \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for credit losses:
Beginning balance				254	254
Allowance for loan losses
Allowance ending balance:
Allowance for loan losses
Consumer
Allowance for credit losses:
Beginning balance				59	59
Allowance for loan losses
Beginning balance	240	292	249
Allowance for loan losses	223	254	223	254	249
Charge-offs		(13)	(18)	(13)	(13)
Recoveries		2	1	28
Provision	(17)	(27)	(9)	(16)
Ending balance	223	254	223	254	249
Allowance ending balance:
Collectively evaluated for impairment	223		223		249
Allowance for loan losses	223	$ 254	223	254	249
Individually evaluated for impairment	105		105		126
Collectively evaluated for impairment	1,598		1,598		1,794
Allowance for loan losses
Total Loans	$ 1,703		$ 1,703		1,920
Consumer \| Accounting Standards Update 2016-13 \| Cumulative Effect, Period of Adoption, Adjustment
Allowance for credit losses:
Beginning balance				$ 196	$ 196
Allowance for loan losses
Allowance ending balance:
Allowance for loan losses

Loans - Credit quality indicato

Loans - Credit quality indicators (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Term Loans Amortized Cost Basis by Origination Year
Total		$ 470,108		$ 473,561
Current period gross charge-offs
Total	$ 13	18	$ 13
Residential real estate \| 1-4 Family
Term Loans Amortized Cost Basis by Origination Year
2025/2024		6,356		11,987
2024/2023		10,286		7,765
2023/2022		7,540		13,307
2022/2021		12,926		15,162
2021/2020		14,599		8,412
Prior		73,770		71,278
Total		125,477		127,911
Residential real estate \| 1-4 Family \| Performing
Term Loans Amortized Cost Basis by Origination Year
2025/2024		6,356		11,987
2024/2023		10,286		7,765
2023/2022		7,540		13,307
2022/2021		12,926		15,162
2021/2020		14,599		8,412
Prior		72,767		70,057
Total		124,474		126,690
Residential real estate \| 1-4 Family \| Nonperforming
Term Loans Amortized Cost Basis by Origination Year
Prior		1,003		1,221
Total		1,003		1,221
Residential real estate \| Home equity and HELOCs
Term Loans Amortized Cost Basis by Origination Year
2025/2024		633		1,685
2024/2023		1,587		2,164
2023/2022		2,046		474
2022/2021		444		859
2021/2020		764		576
Prior		4,493		4,595
Revolving Loans Amortized Cost Basis		18,469		18,714
Revolving Loans Converted to Term		1,563		1,700
Total		29,999		30,767
Residential real estate \| Home equity and HELOCs \| Performing
Term Loans Amortized Cost Basis by Origination Year
2025/2024		633		1,685
2024/2023		1,587		2,164
2023/2022		2,046		474
2022/2021		444		859
2021/2020		764		576
Prior		4,493		4,595
Revolving Loans Amortized Cost Basis		18,469		18,333
Revolving Loans Converted to Term		1,521		1,655
Total		29,957		30,341
Residential real estate \| Home equity and HELOCs \| Nonperforming
Term Loans Amortized Cost Basis by Origination Year
Revolving Loans Amortized Cost Basis				381
Revolving Loans Converted to Term		42		45
Total		42		426
Residential real estate \| Construction Residential
Term Loans Amortized Cost Basis by Origination Year
2025/2024		1,331		5,180
2024/2023		2,308		2,510
2023/2022				105
2022/2021				1,007
2021/2020		95
Total		3,734		8,802
Residential real estate \| Construction Residential \| Performing
Term Loans Amortized Cost Basis by Origination Year
2025/2024		1,331		5,180
2024/2023		2,308		2,510
2023/2022				105
2022/2021				1,007
2021/2020		95
Total		3,734		8,802
Consumer
Term Loans Amortized Cost Basis by Origination Year
2025/2024				123
2024/2023		108		116
2023/2022				45
2022/2021		30
2021/2020				3
Prior		1,062		1,633
Revolving Loans Converted to Term		503
Total		1,703		1,920
Current period gross charge-offs
Prior		18		13
Total	$ 13	18	$ 13	13
Consumer \| Performing
Term Loans Amortized Cost Basis by Origination Year
2025/2024				123
2024/2023		108		116
2023/2022				45
2022/2021		30
2021/2020				3
Prior		957		1,507
Revolving Loans Converted to Term		503
Total		1,598		1,794
Consumer \| Nonperforming
Term Loans Amortized Cost Basis by Origination Year
Prior		105		126
Total		105		126
Commercial real estate \| 1-4 Family
Term Loans Amortized Cost Basis by Origination Year
2025/2024				3,852
2024/2023				10,948
2023/2022				7,158
2022/2021				17,462
2021/2020				11,855
Prior				37,601
Revolving Loans Amortized Cost Basis				2,702
Revolving Loans Converted to Term				706
Total		88,692		92,284
Commercial real estate \| 1-4 Family \| Pass
Term Loans Amortized Cost Basis by Origination Year
2025/2024				3,852
2024/2023				10,948
2023/2022				6,228
2022/2021				17,462
2021/2020				11,855
Prior				36,635
Revolving Loans Amortized Cost Basis				2,702
Revolving Loans Converted to Term				706
Total				90,388
Commercial real estate \| 1-4 Family \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
Prior				889
Total				889
Commercial real estate \| 1-4 Family \| Substandard
Term Loans Amortized Cost Basis by Origination Year
2023/2022				930
Prior				77
Total				1,007
Commercial real estate \| 1 - 4 family investor
Term Loans Amortized Cost Basis by Origination Year
2025/2024		627
2024/2023		3,796
2023/2022		10,630
2022/2021		6,960
2021/2020		17,047
Prior		45,533
Revolving Loans Amortized Cost Basis		3,403
Revolving Loans Converted to Term		696
Total		88,692		92,284
Commercial real estate \| 1 - 4 family investor \| Pass
Term Loans Amortized Cost Basis by Origination Year
2025/2024		627
2024/2023		3,796
2023/2022		9,740
2022/2021		6,960
2021/2020		17,047
Prior		44,744
Revolving Loans Amortized Cost Basis		3,403
Revolving Loans Converted to Term		696
Total		87,013
Commercial real estate \| 1 - 4 family investor \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
Prior		757
Total		757
Commercial real estate \| 1 - 4 family investor \| Substandard
Term Loans Amortized Cost Basis by Origination Year
2025/2024		0
2024/2023		0
2023/2022		890
2022/2021		0
2021/2020		0
Prior		32
Revolving Loans Amortized Cost Basis		0
Revolving Loans Converted to Term		0
Total		922
Commercial real estate \| Multi-family (five or more)
Term Loans Amortized Cost Basis by Origination Year
2025/2024		486		331
2024/2023		329		1,307
2023/2022		1,289		1,310
2022/2021		1,284		4,072
2021/2020		3,778		5,508
Prior		8,377		3,091
Total		15,543		15,619
Commercial real estate \| Multi-family (five or more) \| Pass
Term Loans Amortized Cost Basis by Origination Year
2025/2024		486		331
2024/2023		329		1,307
2023/2022		1,289		1,310
2022/2021		1,284		4,072
2021/2020		3,778		5,508
Prior		8,377		2,897
Total		15,543		15,425
Commercial real estate \| Multi-family (five or more) \| Substandard
Term Loans Amortized Cost Basis by Origination Year
Prior				194
Total				194
Commercial real estate \| Commercial non-residential
Term Loans Amortized Cost Basis by Origination Year
2025/2024		12,065		11,970
2024/2023		12,999		20,964
2023/2022		21,191		59,973
2022/2021		69,317		30,332
2021/2020		29,518		15,668
Prior		32,864		19,483
Revolving Loans Converted to Term		87		91
Total		178,041		158,481
Commercial real estate \| Commercial non-residential \| Pass
Term Loans Amortized Cost Basis by Origination Year
2025/2024		12,065		11,970
2024/2023		12,999		20,964
2023/2022		21,191		59,973
2022/2021		69,317		30,013
2021/2020		24,268		15,668
Prior		32,852		19,465
Revolving Loans Converted to Term		87		91
Total		172,779		158,144
Commercial real estate \| Commercial non-residential \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2021/2020		4,931
Total		4,931
Commercial real estate \| Commercial non-residential \| Substandard
Term Loans Amortized Cost Basis by Origination Year
2022/2021				319
2021/2020		319
Prior		12		18
Total		331		337
Commercial real estate \| Construction and land
Term Loans Amortized Cost Basis by Origination Year
2025/2024		1,294		4,341
2024/2023		6,668		5,797
2023/2022		798		10,501
Prior		1,507		2,048
Total		10,267		22,687
Commercial real estate \| Construction and land \| Pass
Term Loans Amortized Cost Basis by Origination Year
2025/2024		1,294		4,341
2024/2023		6,668		5,797
2023/2022		798		10,501
Prior		1,507		2,048
Total		10,267		22,687
Commercial
Term Loans Amortized Cost Basis by Origination Year
2025/2024		96		593
2024/2023		853		6,914
2023/2022		7,591		7,367
2022/2021		7,717
2021/2020				14
Prior		395		202
Total		16,652		15,090
Commercial \| Pass
Term Loans Amortized Cost Basis by Origination Year
2025/2024		96		593
2024/2023		853		6,914
2023/2022		7,591		7,367
2022/2021		7,717
2021/2020				14
Prior		395		202
Total		$ 16,652		$ 15,090

Loans - Loan Delinquencies and

Loans - Loan Delinquencies and Non-accrual Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Financing Receivable, Past Due [Line Items]
Non-accrual loans secured	$ 2,300		$ 2,300
Non-accrual loans unsecured	105		105
Total Loans	470,108		470,108		$ 473,561
Recorded Investment Loans on Non-Accrual	2,403		2,403		3,311
Interest income	35	$ 54	72	$ 106
30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	99		99		347
60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	44		44		1,469
90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Loans	1,085		1,085		517
Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	1,228		1,228		2,333
Current
Financing Receivable, Past Due [Line Items]
Total Loans	468,880		468,880		471,228
Residential real estate \| 1-4 Family
Financing Receivable, Past Due [Line Items]
Total Loans	125,477		125,477		127,911
Recorded Investment Loans on Non-Accrual	1,003		1,003		1,221
Residential real estate \| 1-4 Family \| 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	80		80		153
Residential real estate \| 1-4 Family \| 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	10		10		539
Residential real estate \| 1-4 Family \| 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Loans	712		712		162
Residential real estate \| 1-4 Family \| Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	802		802		854
Residential real estate \| 1-4 Family \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	124,675		124,675		127,057
Residential real estate \| Home equity and HELOCs
Financing Receivable, Past Due [Line Items]
Total Loans	29,999		29,999		30,767
Recorded Investment Loans on Non-Accrual	42		42		426
Residential real estate \| Home equity and HELOCs \| 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	19		19		49
Residential real estate \| Home equity and HELOCs \| 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Loans	42		42
Residential real estate \| Home equity and HELOCs \| Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	61		61		49
Residential real estate \| Home equity and HELOCs \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	29,938		29,938		30,718
Residential real estate \| Construction Residential
Financing Receivable, Past Due [Line Items]
Total Loans	3,734		3,734		8,802
Residential real estate \| Construction Residential \| 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	6		6
Residential real estate \| Construction Residential \| Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	6		6
Residential real estate \| Construction Residential \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	3,728		3,728		8,802
Commercial real estate \| 1-4 Family
Financing Receivable, Past Due [Line Items]
Total Loans	88,692		88,692		92,284
Commercial real estate \| 1 - 4 family investor
Financing Receivable, Past Due [Line Items]
Total Loans	88,692		88,692		92,284
Recorded Investment Loans on Non-Accrual	922		922		1,007
Commercial real estate \| 1 - 4 family investor \| 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans					85
Commercial real estate \| 1 - 4 family investor \| 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	15		15		930
Commercial real estate \| 1 - 4 family investor \| Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	15		15		1,015
Commercial real estate \| 1 - 4 family investor \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	88,677		88,677		91,269
Commercial real estate \| Multi-family (five or more)
Financing Receivable, Past Due [Line Items]
Total Loans	15,543		15,543		15,619
Recorded Investment Loans on Non-Accrual					194
Commercial real estate \| Multi-family (five or more) \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	15,543		15,543		15,619
Commercial real estate \| Commercial non-residential
Financing Receivable, Past Due [Line Items]
Total Loans	178,041		178,041		158,481
Recorded Investment Loans on Non-Accrual	331		331		337
Commercial real estate \| Commercial non-residential \| 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans					60
Commercial real estate \| Commercial non-residential \| 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Loans	331		331		337
Commercial real estate \| Commercial non-residential \| Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	331		331		397
Commercial real estate \| Commercial non-residential \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	177,710		177,710		158,084
Commercial real estate \| Construction and land
Financing Receivable, Past Due [Line Items]
Total Loans	10,267		10,267		22,687
Commercial real estate \| Construction and land \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	10,267		10,267		22,687
Commercial
Financing Receivable, Past Due [Line Items]
Total Loans	16,652		16,652		15,090
Commercial \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	16,652		16,652		15,090
Consumer
Financing Receivable, Past Due [Line Items]
Total Loans	1,703		1,703		1,920
Recorded Investment Loans on Non-Accrual	105		105		126
Consumer \| 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	13		13
Consumer \| 90 Days Or Greater
Financing Receivable, Past Due [Line Items]
Total Loans					18
Consumer \| Past Due
Financing Receivable, Past Due [Line Items]
Total Loans	13		13		18
Consumer \| Current
Financing Receivable, Past Due [Line Items]
Total Loans	$ 1,690		$ 1,690		$ 1,902

Loans - Concentration of Credit

Loans - Concentration of Credit Risk and Loan Modifications (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024 USD ($) loan Office	Dec. 31, 2023 loan	Dec. 31, 2024 USD ($) Office loan	Dec. 31, 2023 loan	Jun. 30, 2024 USD ($)
Financing Receivable, Impaired [Line Items]
Number of Full Service Branch Offices \| Office	12		12
Total Loans	$ 470,108		$ 470,108		$ 473,561
Number of contracts that have been modified by troubled debt restructurings \| loan	0	0	0	0
Commercial real estate \| Retail space
Financing Receivable, Impaired [Line Items]
Total Loans	$ 62,700		$ 62,700
Percentage of total loans secured by retail space			13.30%
Commercial real estate \| Non-owner occupied retail properties
Financing Receivable, Impaired [Line Items]
Total Loans	51,900		$ 51,900
Commercial real estate \| Owner occupied retail properties
Financing Receivable, Impaired [Line Items]
Total Loans	$ 10,800		$ 10,800

Premises and Equipment - Compon

Premises and Equipment - Components (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Property, Plant and Equipment [Line Items]
Gross value	$ 11,743	$ 11,713
Accumulated depreciation	(4,866)	(4,527)
Net book value	6,877	7,186
Land
Property, Plant and Equipment [Line Items]
Gross value	1,441	1,441
Office buildings and improvements
Property, Plant and Equipment [Line Items]
Gross value	7,953	7,921
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Gross value	2,291	2,293
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		6 Months Ended
Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Premises and Equipment
Depreciation expense	$ 167	$ 203	$ 339	$ 400

Goodwill and Intangibles (Detai

Goodwill and Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
Goodwill and Intangibles (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858
Core deposit intangibles	$ 289	437	$ 289	437	356	$ 323	$ 478	$ 519
Estimated useful life	10 years		10 years
Goodwill impairment	$ 0		$ 0		$ 0
Aggregate amortization expense	34	$ 41	67	$ 82
Audubon Savings Bank
Finite-Lived Intangible Assets [Line Items]
Goodwill	4,900		4,900
Core deposit intangibles	1,400		1,400
Fidelity Savings and Loan Association
Finite-Lived Intangible Assets [Line Items]
Core deposit intangibles	65		65
Washington Savings Bank
Finite-Lived Intangible Assets [Line Items]
Core deposit intangibles	$ 197		$ 197

Goodwill and Intangibles - Summ

Goodwill and Intangibles - Summary (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Goodwill
Beginning Balance	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858	$ 4,858
Ending Balance	4,858	4,858	4,858	4,858	4,858	4,858
Core Deposit Intangibles
Beginning Balance	323	356	478	519	356	519
Amortization	(34)	(33)	(41)	(41)	(67)	(82)
Ending Balance	$ 289	$ 323	$ 437	$ 478	$ 289	$ 437

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Deposits.
Non-interest bearing checking	$ 59,201	$ 64,627
Interest bearing checking	130,436	132,927
Money market accounts	171,881	176,422
Savings and club accounts	78,138	82,173
Certificates of deposit	187,780	173,661
Total deposits	$ 627,436	$ 629,810

Borrowings (Details)

Borrowings (Details) $ in Millions	6 Months Ended	12 Months Ended
Borrowings (Details) $ in Millions	Dec. 31, 2024 USD ($) item	Jun. 30, 2024 USD ($)
Federal Home Loan Bank, Advances [Line Items]
FHLB number of regional banks \| item	11
Maximum borrowing capacity with FHLB	$ 279.5	$ 287.3
Loans pledged as collateral	405.1	415.9
Investments	2	2.8
Fixed rate short-term borrowings	28	48
Collateral pledged in support of federal reserve bank advances outstanding	8.6	8.8
Maximum advances or credit lines available from the Federal Reserve Bank	4	3.6
Balance for the overnight line of credit	0	0
Atlantic Community Bankers Bank
Federal Home Loan Bank, Advances [Line Items]
Available credit to purchase federal funds	$ 10	$ 10

Stock Based Compensation - Plan

Stock Based Compensation - Plan and Restricted Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	May 10, 2022
Stock Based Compensation
Stock based compensation expense			$ 1,008	$ 953
Restricted stock
Stock Based Compensation
Number of shares granted					505,600
Fair value of awards granted (in dollars per shares)					$ 11.71
Vesting period					5 years
Stock based compensation expense	$ 298	$ 281	$ 596	$ 563
Non-vested Restricted Stock Awards outstanding (in shares)	313,989	383,258	313,989	383,258		313,989	383,258
Unrecognized compensation expense	$ 2,900	$ 3,800	$ 2,900	$ 3,800
Unrecognized compensation expense recognition period			2 years 6 months 7 days	3 years 4 months 13 days
Employee Stock Option
Stock Based Compensation
Vesting period					5 years
Stock based compensation expense	$ 206	$ 195	$ 412	$ 390
Unrecognized compensation expense recognition period			2 years 6 months 7 days	3 years 4 months 13 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 \| Employee Stock Option
Stock Based Compensation
Shares authorized								1,264,003

Stock Based Compensation - Rest

Stock Based Compensation - Restricted stock activity (Details) - Restricted stock - $ / shares	6 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2022
Number of Shares
Non-vested Restricted Stock Awards outstanding (Beginning balance)	313,989	383,258
Issued			505,600
Vested
Forfeited
Non-vested Restricted Stock Awards outstanding (Ending balance)	313,989	383,258
Average Grant Price
Non-vested Restricted Stock Awards outstanding (Beginning balance) (in dollars per share)	$ 11.73	$ 11.66
Issued (in dollars per share)			$ 11.71
Vested (in dollars per share)
Forfeited (in dollars per share)
Non-vested Restricted Stock Awards outstanding (Ending balance) (in dollars per share)	$ 11.73	$ 11.66

Stock Based Compensation - Opti

Stock Based Compensation - Options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2022	Jun. 30, 2024	Jun. 30, 2023
Fair value assumptions
Stock based compensation expense			$ 1,008	$ 953
Employee Stock Option
Stock Based Compensation
Number of options granted					1,264,000
Fair value of options granted					$ 3.24
Vesting period					5 years
Exercise price of options granted (in dollars per share)					$ 11.71
Term of award					10 years
Fair value assumptions
Expected life					6 years 6 months
Risk free rate of return					2.98%
Volatility					24.60%
Dividend yield					1.02%
Stock based compensation expense	$ 206	$ 195	$ 412	$ 390
Options outstanding	1,264,000	1,197,640	1,264,000	1,197,640		1,264,000	1,197,640
Unrecognized compensation expense	$ 2,000	$ 2,600	$ 2,000	$ 2,600
Unrecognized compensation expense recognition period			2 years 6 months 7 days	3 years 4 months 13 days
Remaining contractual term			7 years 5 months 19 days	8 years 4 months 17 days
Aggregate intrinsic value	$ 401	$ 653	$ 401	$ 653
Exercisable options	479,056	239,528	479,056	239,528
Weighted average exercise price	$ 11.66	$ 11.66	$ 11.66	$ 11.66
Remaining contractual term exercisable			7 years 4 months 17 days	8 years 4 months 17 days
Aggregate intrinsic value exercisable	$ 161	$ 131	$ 161	$ 131
Restricted stock
Stock Based Compensation
Vesting period					5 years
Fair value assumptions
Stock based compensation expense	$ 298	$ 281	$ 596	$ 563
Unrecognized compensation expense recognition period			2 years 6 months 7 days	3 years 4 months 13 days

Stock Based Compensation - Op_2

Stock Based Compensation - Options activity (Details) - Employee Stock Option - $ / shares	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Number of Options
Number of options granted	1,264,000
Exercise Price per Shares
Exercise price per share (in dollars per share)		$ 11.71	$ 11.71	$ 11.66	$ 11.66
Granted (in dollars per share)	$ 11.71

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023
Commitments and Contingencies
Commitments fixed expiration period			90 days
Allowance for loan losses	$ 2,598	$ 3,601	$ 2,598	$ 3,601	$ 2,522	$ 2,989	$ 3,587
Provision (recovery) for credit losses	76	25	(374)	30
Unfunded Loan Commitment
Commitments and Contingencies
Allowance for loan losses	121		121			128
Provision (recovery) for credit losses	(62)	$ 0	(7)	$ 0
Commitments to extend credit
Commitments and Contingencies
Loan commitments	16,171		16,171			15,676
Unfunded commitments under lines of credit
Commitments and Contingencies
Loan commitments	65,044		65,044			65,705
Standby letters of credit
Commitments and Contingencies
Loan commitments	$ 118		$ 118			$ 86

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details) $ in Thousands	Dec. 31, 2024 USD ($)	Jun. 30, 2024 USD ($)
Tier One Leverage, Amount
Leverage capital, actual amount	$ 134,541	$ 134,494
CBLR Framework Requirement, amount	$ 72,688	$ 75,164
Tier One Leverage, Ratio
Leverage capital, actual ratio	0.1666	0.161
CBLR Framework Requirement, ratio	0.09	0.09

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Investments available for sale:
Equity securities	$ 2,297	$ 2,016
Fair value	145,089	150,755
Mortgage-backed securities
Investments available for sale:
Fair value	89,820	95,125
U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value	6,940	7,200
U.S. government agency securities
Investments available for sale:
Fair value	538	693
Municipal bonds
Investments available for sale:
Fair value	14,915	14,969
Corporate bonds
Investments available for sale:
Fair value	32,876	32,768
Recurring
Investments available for sale:
Equity securities	2,297	2,016
Fair value	147,386	152,771
Recurring \| Mortgage-backed securities
Investments available for sale:
Fair value		95,125
Fair value	89,820
Recurring \| U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value		7,200
Fair value	6,940
Recurring \| U.S. government agency securities
Investments available for sale:
Fair value		693
Fair value	538
Recurring \| Municipal bonds
Investments available for sale:
Fair value		14,969
Fair value	14,915
Recurring \| Corporate bonds
Investments available for sale:
Fair value		32,768
Fair value	32,876
Recurring \| Level 1
Investments available for sale:
Equity securities	2,297	2,016
Fair value	2,297	2,016
Recurring \| Level 2
Investments available for sale:
Fair value	145,089	150,755
Recurring \| Level 2 \| Mortgage-backed securities
Investments available for sale:
Fair value		95,125
Fair value	89,820
Recurring \| Level 2 \| U.S. agency collateralized mortgage obligations
Investments available for sale:
Fair value		7,200
Fair value	6,940
Recurring \| Level 2 \| U.S. government agency securities
Investments available for sale:
Fair value		693
Fair value	538
Recurring \| Level 2 \| Municipal bonds
Investments available for sale:
Fair value		14,969
Fair value	14,915
Recurring \| Level 2 \| Corporate bonds
Investments available for sale:
Fair value		$ 32,768
Fair value	$ 32,876

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Non-Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Assets at fair value
Reserves on impaired loans individually evaluated	$ 0	$ 0
Total assets at fair value	$ 0	$ 0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Carrying value and fair value of financial instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Financial assets:
Loans receivable, net	$ 467,510	$ 470,572
Securities held to maturity	85,098	93,056
Financial liabilities:
Certificates of deposit	187,780	173,661
Advances from Federal Home Loan Bank	28,000	48,000
Level 2
Financial assets:
Securities held to maturity	68,316	76,827
Level 3
Financial assets:
Loans receivable, net	438,764	439,118
Financial liabilities:
Certificates of deposit	186,718	171,613
Advances from Federal Home Loan Bank	28,000	48,000
Carrying Value
Financial assets:
Loans receivable, net	467,510	470,572
Securities held to maturity	85,098	93,056
Financial liabilities:
Certificates of deposit	187,780	173,661
Advances from Federal Home Loan Bank	28,000	48,000
Fair Value
Financial assets:
Loans receivable, net	438,764	439,118
Securities held to maturity	68,316	76,827
Financial liabilities:
Certificates of deposit	186,718	171,613
Advances from Federal Home Loan Bank	$ 28,000	$ 48,000

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Assets and Liabilities, Lessee
Operating lease right-of-use assets	$ 9,763		$ 9,763		$ 8,300
Operating Lease, Liability
Operating lease liabilities	$ 10,062		$ 10,062		$ 8,553
Weighted average remaining lease term - Operating leases	16 years 2 months 12 days		16 years 2 months 12 days		15 years 9 months 18 days
Weighted average discount rate - Operating leases	3.30%		3.30%		2.92%
Net lease costs	$ 260	$ 224	$ 482	$ 446

Leases - Summary of maturities

Leases - Summary of maturities of the Company's lease liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Future minimum payments for operating leases
2025	$ 835
2026	743
2027	762
2028	776
2029	790
Thereafter	9,403
Total future minimum lease payments	13,309
Amounts representing interest	(3,247)
Present value of net future minimum lease payments	$ 10,062	$ 8,553

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - O2025 Q2 Dividends	Jan. 15, 2025 $ / shares
Subsequent Events
Dividends declared (in dollars per share)	$ 0.03
Dividends declared date	Jan. 15, 2025
Dividends date of record	Jan. 27, 2025
Dividends paid date	Feb. 06, 2025