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Consolidated Statements of Net Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:        
Interest and fees on loans $ 1,758 $ 1,657 $ 3,480 $ 3,276
Interest and dividends on debt securities:        
Taxable 904 795 1,772 1,546
Tax exempt 93 106 190 214
Interest on short-term investments and certificates of deposit 49 123 94 250
Total interest and dividend income 2,804 2,681 5,536 5,286
Interest expense:        
Deposits 1,051 340 1,927 582
Borrowings 114 0 164
Total interest expense 1,165 340 2,091 582
Net interest income 1,639 2,341 3,445 4,704
Provision for (reversal of) credit losses (104) 0 (270) 0
Net interest income after provision for (reversal of) credit losses 1,743 2,341 3,715 4,704
Non-interest income:        
Customer service fees 37 36 77 73
Income on bank-owned life insurance 68 63 134 127
Other income 67 53 121 152
Total non-interest income 172 152 332 352
Non-interest expenses:        
Salaries and employee benefits 1,267 1,250 2,411 2,268
Occupancy and equipment 240 255 494 498
Advertising 36 71 74 110
Data processing 101 84 190 178
Deposit insurance 33 22 66 43
Other general and administrative 432 405 790 738
Total non-interest expenses 2,109 2,087 4,025 3,835
Income before income taxes (194) 406 22 1,221
Provision for income taxes 16 65 109 235
Net income $ (210) $ 341 $ (87) $ 986
Net income per share:        
Earnings Per Share, Basic $ (0.03) $ 0.05 $ (0.01) $ 0.16
Earnings Per Share, Diluted $ (0.03) $ 0.05 $ (0.01) $ 0.16
Weighted average shares outstanding:        
Weighted average shares: basic 6,284,768 6,274,542 6,283,485 6,273,260
Weighted average shares: diluted 6,284,768 6,274,542 6,283,485 6,273,260