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Condensed Financial Information (Parent Company Only) | 12 Months Ended
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Jun. 30, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information (Parent Company Only) |
Note 21: | Condensed Financial Information (Parent Company Only)
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, 2022 and 2021: Condensed Balance Sheets
|  | June 30, |  |  | June 30, |
|  | 2022 |  |  | 2021 |
Assets |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 5,890 |  |  | $ | 5,679 |
Investment in common stock of subsidiary |  |  | 63,797 |  |  |  | 80,472 |
ESOP loan |  |  | 2,083 |  |  |  | 2,279 |
Total assets |  | $ | 71,770 |  |  | $ | 88,430 |
Liabilities |  |  |  |  |  |  |  |
Line of credit |  | $ | — |  |  | $ | 3,000 |
Interest payable |  |  | 21 |  |  |  | 19 |
Other liabilities |  |  | 91 |  |  |  | 107 |
Total liabilities |  |  | 112 |  |  |  | 3,126 |
Stockholders’ Equity |  |  | 71,658 |  |  |  | 85,304 |
Total liabilities and stockholders’ equity |  | $ | 71,770 |  |  | $ | 88,430 |
Condensed Statements of Income and Comprehensive Income (Loss)
|  | Year Ending June 30, |  |  | Year Ending June 30, |
|  | 2022 |  |  | 2021 |
Income |  |  |  |  |  |  |  |
Interest on ESOP loan |  | $ | 72 |  |  | $ | 78 |
Deposits with financial institutions |  |  | — |  |  |  | — |
Total income |  |  | 72 |  |  |  | 78 |
Expense |  |  |  |  |  |  |  |
Interest on line of credit |  |  | 78 |  |  |  | 76 |
Other expenses |  |  | 207 |  |  |  | 181 |
Total expense |  |  | 285 |  |  |  | 257 |
Loss Before Income Tax and Equity in Undistributed Income of Subsidiary |  |  | (213 | ) |  |  | (179 | )
Benefit for Income Taxes |  |  | (61 | ) |  |  | (51 | )
Loss Before Equity in Undistributed Loss of Subsidiary |  |  | (152 | ) |  |  | (128 | )
Equity in Undistributed Income of Subsidiary |  |  | 5,936 |  |  |  | 5,475 |
Net Income |  | $ | 5,784 |  |  | $ | 5,347 |
Comprehensive Income (Loss) |  | $ | (13,495 | ) |  | $ | 3,077 |
Condensed Statements of Cash Flows
|  | Year Ended June 30, |  |  | Year Ended June 30, |
|  | 2022 |  |  | 2021 |
Cash flows from operating activities |  |  |  |  |  |  |  |
Net income |  | $ | 5,784 |  |  | $ | 5,347 |
Items not requiring (providing) cash |  |  |  |  |  |  |  |
Net change accrued interest payable |  |  | 2 |  |  |  | (12 | )
Net change in other liabilities |  |  | (16 | ) |  |  | 10 |
Earnings from subsidiary |  |  | (5,936 | ) |  |  | (5,475 | )
Net cash used in operating activities |  |  | (166 | ) |  |  | (130 | )
Cash flows from financing activities |  |  |  |  |  |  |  |
Proceeds from exercise of stock options |  |  | 315 |  |  |  | — |
Dividends paid |  |  | (1,134 | ) |  |  | (973 | )
Dividends received |  |  | 4,000 |  |  |  | 4,000 |
Loan for ESOP |  |  | 196 |  |  |  | 190 |
Repayment of line of credit |  |  | (3,000 | ) |  |  | — |
Net cash provided by financing activities |  |  | 377 |  |  |  | 3,217 |
Net Change in Cash and Cash Equivalents |  |  | 211 |  |  |  | 3,087 |
Cash and Cash Equivalents at Beginning of Year |  |  | 5,679 |  |  |  | 2,592 |
Cash and Cash Equivalents at End of Year |  | $ | 5,890 |  |  | $ | 5,679 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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