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Premises and Equipment
12 Months Ended
Jun. 30, 2023
Premises and Equipment  
Premises and Equipment

Note 5: Premises and Equipment

Premises and equipment at June 30, 2023 and 2022 consisted of the following:

June 30, 

(In Thousands)

    

2023

    

2022

Land

$

2,853

$

2,853

Buildings

 

10,311

 

9,896

Leasehold improvements

 

3,135

 

2,996

Furniture and equipment

 

5,226

 

5,427

Automobiles

 

176

 

167

Operating lease – right of use assets (1)

2,147

1,969

 

23,848

 

23,308

Less accumulated depreciation and amortization

 

(14,617)

 

(14,482)

Total premises and equipment, net

$

9,231

$

8,826

(1)

Net of accumulated amortization.

Depreciation and amortization expense for the fiscal years ended June 30, 2023 and 2022 amounted to $1.4 million and $1.5 million, respectively.