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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Jun. 30, 2023
Assets    
Cash and due from banks $ 1,299,000 $ 1,486,000
Short-term investments 14,425,000 5,375,000
Total cash and cash equivalents 15,724,000 6,861,000
Securities available for sale, at fair value 132,000 146,000
Securities held to maturity, at amortized cost, net of allowance for credit loss, fair value of $136,427 at December 31, 2023 and $132,273 at June 30, 2023 149,117,000 147,902,000
Federal Home Loan Bank stock, at cost 950,000 381,000
Loans, net of allowance for credit losses of $1,641 at December 31, 2023 and $1,747 at June 30, 2023 174,974,000 175,911,000
Premises and equipment, net 3,317,000 3,413,000
Accrued interest receivable 1,467,000 1,363,000
Bank-owned life insurance 10,536,000 10,402,000
Deferred tax asset 1,074,000 1,079,000
Operating lease right of use asset 907,000 953,000
Other assets 827,000 596,000
Total Assets 359,025,000 349,007,000
Deposits    
Non-interest bearing 29,612,000 32,760,000
Interest-bearing 228,328,000 230,616,000
Total deposits 257,940,000 263,376,000
Federal Home Loan Bank of Boston advances 19,100,000 3,675,000
Mortgagors' escrow accounts 1,644,000 1,596,000
Operating lease liability 920,000 962,000
Accrued expenses and other liabilities 3,626,000 3,509,000
Total liabilities 283,230,000 273,118,000
Stockholders' Equity    
Preferred Stock, $.01 par value, 10,000,000 shares authorized as of December 30, 2023 and June 30, 2023, none outstanding 0 0
Common Stock, $.01 par value, 90,000,000 shares authorized as of December 31, 2023 and June 30, 2023, 6,632,642 issued and outstanding as of December 31, 2023 and June 30, 2023 65,000 65,000
Additional paid-in capital 27,976,000 27,814,000
Retained earnings 50,106,000 50,416,000
Accumulated other comprehensive loss (1,000) (3,000)
Unearned compensation - ESOP, 235,196 and 240,310 shares unallocated at December 31, 2023 and June 30, 2023, respectively (2,351,000) (2,403,000)
Total stockholders' equity 75,795,000 75,889,000
Total liabilities and stockholders' equity $ 359,025,000 $ 349,007,000