XML 40 R30.htm IDEA: XBRL DOCUMENT v3.22.2.2

Condensed Financial Information (Parent Company Only)

12 Months Ended

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

X

- References

No definition available.

+ Details

Name:	srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix:	srt_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration