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Consolidated Statements of (Loss) Income (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Interest Income    
Loans, including fees $ 3,755,000 $ 2,599,000
Securities:    
Taxable 858,000 948,000
Federal funds sold 10,000  
Interest bearing deposits at other banks 920,000 170,000
Total interest income 5,543,000 3,717,000
Interest Expense    
Demand 47,000 23,000
Savings and time 1,111,000 267,000
Borrowings 240,000  
Total interest expense 1,398,000 290,000
Net Interest Income 4,145,000 3,427,000
Provision for credit losses 4,162,000 0
Net Interest (Expense) Income After Provision For Credit Losses (17,000) 3,427,000
Noninterest Income    
Service charges and fees 171,000 163,000
Increase in cash surrender value of bank owned life insurance 175,000 159,000
Fees and service charges on loans 5,000 5,000
Unrealized loss on equity securities (3,000) (1,000)
Realized loss on sale of securities (17,000)  
Other 182,000 14,000
Total noninterest income 513,000 341,000
Noninterest Expense    
Salaries and employee benefits 4,544,000 1,984,000
Occupancy 237,000 187,000
Furniture and equipment 161,000 138,000
Data Processing 807,000 301,000
Advertising 57,000 51,000
FDIC premiums 83,000 39,000
Directors fees 88,000 101,000
Professional fees 854,000 303,000
Insurance 116,000 42,000
Telephone, postage and supplies 84,000 76,000
Other 5,906,000 147,000
Total noninterest expense 12,937,000 3,369,000
(Loss) Income Before Income Tax Expense (12,441,000) 399,000
Income Tax (Benefit) Expense (1,943,000) 45,000
Net (Loss) Income $ (10,498,000) $ 354,000
Basic earnings per share $ (10.03)  
Diluted earnings per share $ (10.03)  
Weighted average number of common shares outstanding - basic 1,046,251 0
Weighted average number of common shares outstanding - diluted 1,046,251 0