Loans (Details) - Schedule of accretable yield, or income expected to be collected - USD ($) $ in Thousands |
12 Months Ended | |
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Jun. 30, 2022 |
Jun. 30, 2021 |
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Schedule Of Accretable Yield Or Income Expected To Be Collected Abstract | ||
Balance at beginning of year | $ 390 | $ 447 |
Accretion of income | (51) | (57) |
Balance at end of year | $ 339 | $ 390 |
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- References No definition available.
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- Definition The aggregate excess of a loan's cash flows expected to be collected over the investor's initial investment in the loan for loans accounted for as debt securities, with evidence of deterioration of credit quality since origination that were acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Current period recognition due to accretion of the excess of a loan's cash flows expected to be collected over the investor's initial investment in the loan for loans accounted for as debt securities, with evidence of deterioration of credit quality since origination that were acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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