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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Jun. 30, 2022
Assets    
Cash and due from banks $ 1,502 $ 1,609
Short-term investments 9,072 30,058
Total cash and cash equivalents 10,574 31,667
Securities available for sale, at fair value 168 199
Securities held to maturity, at amortized cost, fair value of $132,624 at December 31, 2022 and $133,593 at June 30, 2022 149,473 145,239
Federal Home Loan Bank stock, at cost 191 191
Loans, net of allowance for loan losses of $1,747 at December 31, 2022 and $1,747 at June 30, 2022 178,569 172,593
Premises and equipment, net 3,272 3,334
Accrued interest receivable 1,303 1,265
Bank-owned life insurance 10,271 10,144
Deferred tax asset 1,001 1,079
Operating lease right of use asset 999
Other Assets 1,012 472
Total Assets 356,833 366,183
Deposits    
Non-interest bearing 32,618 31,168
Interest bearing 242,844 255,907
Total deposits 275,462 287,075
Mortgagors' escrow accounts 1,680 1,555
Operating lease liability 1,003
Accrued expenses and other liabilities 3,409 3,303
Total liabilities 281,554 291,933
Stockholders' Equity    
Preferred Stock, $.01 par value, 10,000,000 shares authorized as of December 31, 2022 and June 30, 2022, none issued and outstanding as of December 31, 2022 and June 30, 2022 0 0
Common Stock, $.01 par value, 90,000,000 shares authorized as of December 31, 2022 and June 30, 2022, 6,521,642 issued and outstanding as of December 31, 2022 and June 30, 2022 65 65
Additional Paid in Capital 27,714 27,720
Retained earnings 49,956 48,970
Accumulated other comprehensive income (2) 0
Unearned compensation - ESOP (2,454) (2,505)
Total stockholders' equity 75,279 74,250
Total liabilities and stockholders' equity $ 356,833 $ 366,183