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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Interest Income    
Loans, including fees $ 10,286 $ 3,755
Securities:    
Taxable 661 858
Federal funds sold   10
Interest bearing deposits at other banks 520 920
Total interest income 11,467 5,543
Interest Expense    
Demand 926 47
Savings and time 2,784 1,111
Borrowings 163 240
Total interest expense 3,873 1,398
Net Interest Income 7,594 4,145
(Credit) Provision for Credit Losses (154) 4,162
Net Interest Income After (Credit) Provision for Credit Losses 7,748 (17)
Noninterest Income    
Service charges and fees 296 171
Increase in cash surrender value of bank owned life insurance 260 175
Fees and service charges on loans 56 5
Unrealized gain (loss) on equity securities 2 (3)
Realized gain (loss) on sale of investments   (17)
Realized gain on sale of loans 24  
Other 163 182
Total noninterest income 801 513
Noninterest Expense    
Salaries and employee benefits 3,240 4,544
Occupancy 632 237
Furniture and equipment 293 161
Data Processing 629 807
Advertising 82 57
FDIC premiums 120 83
Directors fees 92 88
Professional fees 489 854
Insurance 159 116
Telephone, postage and supplies 181 84
Other 902 5,906
Total noninterest expense 6,819 12,937
Income (Loss) Before Income Tax Expense 1,730 (12,441)
Income Tax Expense (Benefit) 363 (1,943)
Net Income (Loss) $ 1,367 $ (10,498)
Basic earnings (loss) per share $ 0.16 $ (10.03)
Diluted earnings (loss) per share $ 0.16 $ (10.03)
Weighted average number of common shares outstanding - basic 8,806,265 1,046,251
Weighted average number of common shares outstanding - diluted 8,806,265 1,046,251