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v3.22.2.2

Condensed Financial Information (Parent Company Only) (Tables) | 12 Months Ended
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Jun. 30, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheet | 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 Statement of Income and Comprehensive Income | 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 Statement of Cash Flows | 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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