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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2024
Income Taxes |
Schedule of Provision for Income Taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended June 30,
(In Thousands) |  | 2024 |  | 2023
​ | ​ | ​ | ​ | ​ | ​ | ​
Current: |  | ​ |  |  | ​ |
Federal | ​ | $ | 2,161 | ​ | $ | 1,638
State | ​ |  | 1,278 | ​ |  | 955
​ | ​ |  | 3,439 | ​ |  | 2,593
Deferred: | ​ |  |  | ​ |  |
Federal | ​ |  | (238) | ​ |  | 783
State | ​ |  | (165) | ​ |  | 448
​ | ​ |  | (403) | ​ |  | 1,231
Provision for income taxes | ​ | $ | 3,036 | ​ | $ | 3,824
Schedule of estimated combined federal and state statutory tax rates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended June 30,
​ | ​ | 2024 | ​ | 2023 | ​
(In Thousands) |  | Amount |  | Tax Rate |  | Amount |  | Tax Rate |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal income tax at statutory rate | ​ | $ | 2,181 |  | 21.00 | % | $ | 2,607 |  | 21.00 | %
State income tax, net of federal income tax benefit | ​ |  | 880 |  | 8.48 | % |  | 1,107 |  | 8.92 | %
Changes in taxes resulting from: | ​ |  |  |  | ​ | ​ |  |  |  | ​ | ​
Bank-owned life insurance | ​ |  | (39) |  | (0.38) | % |  | (39) |  | (0.31) | %
Non-deductible expenses | ​ |  | 12 |  | 0.12 | % |  | 11 |  | 0.09 | %
Shortfall on stock-based compensation | ​ |  | — |  | — | % |  | 132 |  | 1.06 | %
Return to provision adjustment | ​ | ​ | (1) | ​ | (0.01) | % | ​ | 4 | ​ | 0.03 | %
Other | ​ |  | 3 |  | 0.02 | % |  | 2 |  | 0.01 | %
Effective income tax | ​ | $ | 3,036 |  | 29.23 | % | $ | 3,824 |  | 30.80 | %
Schedule of Deferred Tax Assets and Liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
(In Thousands) |  | 2024 |  | 2023
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred taxes - federal | ​ | $ | 404 | ​ | $ | 179
Deferred taxes - state | ​ |  | 202 | ​ |  | 39
Total net deferred tax assets | ​ | $ | 606 | ​ | $ | 218
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
(In Thousands) |  | 2024 |  | 2023
​ | ​ | ​ | ​ | ​ | ​ | ​
Loss reserves | ​ | $ | 2,387 | ​ | $ | 2,032
Non-accrued interest | ​ |  | 175 | ​ |  | 188
Deferred compensation | ​ |  | 2,388 | ​ |  | 2,339
Accrued vacation | ​ |  | 187 | ​ |  | 194
Depreciation | ​ |  | 174 | ​ |  | 155
State tax | ​ |  | 203 | ​ |  | 199
Unrealized loss on investment securities | ​ |  | 4 | ​ |  | 19
Lease liability | ​ | ​ | 448 | ​ | ​ | 691
Other | ​ |  | 208 | ​ |  | 288
Total deferred tax assets | ​ |  | 6,174 | ​ |  | 6,105
​ | ​ | ​ | ​ | ​ | ​ | ​
FHLB - San Francisco stock dividends | ​ |  | (645) | ​ |  | (645)
Prepaid expenses | ​ |  | (39) | ​ |  | (45)
Unrealized gain on interest-only strips | ​ |  | (3) | ​ |  | (3)
Right-of-use asset | ​ | ​ | (432) | ​ | ​ | (684)
Deferred loan costs, net | ​ |  | (4,449) | ​ |  | (4,510)
Total deferred tax liabilities | ​ |  | (5,568) | ​ |  | (5,887)
Net deferred tax assets | ​ | $ | 606 | ​ | $ | 218

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