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Consolidated Statements of Net Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income:        
Interest and fees on loans $ 1,657 $ 1,640 $ 3,276 $ 3,294
Interest and dividends on debt securities:        
Taxable 795 492 1,546 959
Tax exempt 106 120 214 243
Interest on short-term investments and certificates of deposit 123 16 250 33
Total interest and dividend income 2,681 2,268 5,286 4,529
Interest expense:        
Deposits 340 255 582 529
Borrowings   2 6
Total interest expense 340 257 582 535
Net interest income 2,341 2,011 4,704 3,994
Provision for loan losses 0 10 0 25
Net interest income after provision for loan losses 2,341 2,001 4,704 3,969
Non-interest income:        
Customer service fees 36 31 73 61
Income on bank-owned life insurance 63 75 127 123
Gain on sale of securities available for sale     0 48
Other income 53 55 152 159
Total non-interest income 152 161 352 391
Non-interest expenses:        
Salaries and employee benefits 1,250 1,167 2,268 2,121
Occupancy and equipment 255 208 498 418
Advertising 71 37 110 78
Data processing 84 91 178 171
Deposit insurance 22 21 43 43
Other general and administrative 405 372 738 691
Total non-interest expenses 2,087 1,896 3,835 3,522
Income before income taxes 406 266 1,221 838
Provision for income taxes 65 32 235 132
Net income $ 341 $ 234 $ 986 $ 706
Net income per share:        
Earnings Per Share, Basic $ 0.05   $ 0.16  
Earnings Per Share, Diluted $ 0.05   $ 0.16  
Weighted average shares outstanding:        
Weighted average shares: Basic 6,274,542   6,273,260  
Weighted average shares: diluted 6,274,542   6,273,260