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Condensed Financial Information (Parent Company Only) (Tables)
 12 Months Ended
Jun. 30, 2020
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheet
Presented below is condensed financial information as to financial position, results of operations and cash flows of the Company as of and for the years ended June 30, 2020 and 2019:
Condensed Balance Sheet
 
   
June 30,
   
June 30,
 
   
2020
   
2019
 
Assets
    
Cash and due from banks
  $2,592   $4,058 
Investment in common stock of subsidiary
   80,631    75,920 
ESOP loan
   2,469    2,628 
  
 
 
   
 
 
 
Total assets
  $85,692   $82,606 
  
 
 
   
 
 
 
Liabilities
    
Line of credit
  $3,000   $—   
Interest payable
   31    —   
Other liabilities
   97    145 
  
 
 
   
 
 
 
Total liabilities
   3,128    145 
Stockholders’ Equity
   82,564    82,461 
  
 
 
   
 
 
 
Total liabilities and stockholders’ equity
  $85,692   $82,606 
  
 
 
   
 
 
 
Condensed Statement of Income and Comprehensive Income (Loss)
Condensed Statement of Income and Comprehensive Income
 
   
Year Ending
June 30,
2020
   
Year Ending
June 30, 
2019
 
Income
    
Interest on ESOP loan
  $141   $136 
Deposits with financial institutions
   —      —   
  
 
 
   
 
 
 
Total income
   141    136 
Expense
    
Interest on line of credit
   133    —   
Other expenses
   203    183 
  
 
 
   
 
 
 
Total expense
   336    183 
Loss Before Income Tax and Equity in Undistributed Income of Subsidiary
   (195)    (47) 
Benefit for Income Taxes
   (54)    (11) 
  
 
 
   
 
 
 
Loss Before Equity in Undistributed Loss of Subsidiary
   (141)    (36) 
Equity in Undistributed Income of Subsidiary
   4,386    3,594 
  
 
 
   
 
 
 
Net Income
  $4,245   $3,558 
  
 
 
   
 
 
 
Comprehensive Income
  $7,883   $7,231 
  
 
 
   
 
 
 
Condensed Statement of Cash Flows
Condensed Statement of Cash Flows
 
   
Year Ended
June 30,
2020
   
Year Ended
June 30,
2019
 
Cash flows from operating activities
    
Net income
  $4,245   $3,558 
  
 
 
   
 
 
 
Items not requiring (providing) cash
    
Net change accrued interest payable
   30    —   
Net change in other liabilities
   (48)    30 
Earnings from subsidiary
   (4,386)    (3,594) 
  
 
 
   
 
 
 
Net cash provided by operating activities
   (159)    (6) 
  
 
 
   
 
 
 
Cash flows from financing activities
    
Stock purchase per stock repurchase plan
   (7,459)    (6,222) 
Dividends paid
   (1,008)    (930) 
Dividends received
   4,000    2,000 
Loan for ESOP
   159    156 
Proceeds from CIBC line of credit
   5,000    —   
Repayment of CIBC line of credit
   (2,000)    —   
  
 
 
   
 
 
 
Net cash used in financing activities
   (1,308)    (4,996) 
  
 
 
   
 
 
 
Net Change in Cash and Cash Equivalents
   (1,467)    (5,002) 
Cash and Cash Equivalents at Beginning of Year
   4,058    9,060 
  
 
 
   
 
 
 
Cash and Cash Equivalents at End of Year
  $2,591   $4,058